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Income Tax Credits (NY)
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New York State taxpayers may be able to reduce their income tax liability by claiming certain tax credits. Individuals who do not owe any income tax may qualify to claim a refund of certain credits.
Although the New York State Tax Law conforms generally with the federal tax law, New York State tax credits are different from federal credits. Certain credits available to sole proprietors are also available to partners in a partnership, New York S corporation shareholders, estates and trusts, and beneficiaries of estates and trusts.
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Added: Tue Jan 01 2002
Last Modified: Mon Jan 03 2011
