Form IT-251 Credit for Employment of Persons With Disabilities - New York

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Form IT-251 Credit for Employment of Persons With Disabilities - New York

What Is Form IT-251?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.

FAQ

Q: What is Form IT-251?A: Form IT-251 is the Credit for Employment of Persons With Disabilities form for New York.

Q: Who can claim the credit?A: Employers in New York who hire individuals with disabilities can claim the credit.

Q: What is the purpose of the credit?A: The credit encourages employers to hire individuals with disabilities and provide equal employment opportunities.

Q: How much is the credit?A: The credit amount is 50% of the wages paid to qualified individuals, up to $5,000 per eligible employee.

Q: What are the eligibility criteria?A: To be eligible, the individual must have a disability that qualifies under the American with Disabilities Act and must be employed by the taxpayer for at least 180 days during the tax year.

Q: How is the credit calculated?A: The credit is calculated by multiplying the qualified employee's wages by 50%.

Q: How do I claim the credit?A: To claim the credit, file Form IT-251 with your New York State income tax return.

Q: Are there any limitations on the credit?A: Yes, the credit cannot exceed the taxpayer's tax liability for the tax year.

Q: Are there any other requirements?A: Yes, employers must retain records and documentation to support the credit claimed.

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Form Details:

  • The latest edition provided by the New York State Department of Taxation and Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form IT-251 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.

Download Form IT-251 Credit for Employment of Persons With Disabilities - New York

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