Instructions for Form IT-635 New York Youth Jobs Program Tax Credit - New York

Form IT-635 New York Youth Jobs Program Tax Credit - New York

This document contains official instructions for Form IT-635 , New York Youth Jobs Program Tax Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-635 is available for download through this link.

FAQ

Q: What is Form IT-635?A: Form IT-635 is a tax form in New York that is used to claim the New York Youth Jobs Program Tax Credit.

Q: What is the New York Youth Jobs Program Tax Credit?A: The New York Youth Jobs Program Tax Credit is a credit that businesses in New York can claim for hiring eligible youth employees.

Q: Who is eligible for the New York Youth Jobs Program Tax Credit?A: Eligible employees must be between the ages of 16 and 24 and meet certain criteria outlined by the New York Department of Labor.

Q: How much is the tax credit?A: The tax credit amount varies depending on the number of eligible employees hired and their wages.

Q: How do I claim the New York Youth Jobs Program Tax Credit?A: To claim the tax credit, businesses must complete Form IT-635 and attach it to their New York State tax return.

Q: Is there a deadline for submitting Form IT-635?A: Yes, the deadline for submitting Form IT-635 is the same as the deadline for filing the corresponding New York State tax return.

Q: Are there any other requirements or documentation needed to claim the New York Youth Jobs Program Tax Credit?A: Yes, businesses must also submit documentation supporting their claims, such as proof of wages paid and verification of employee eligibility.