Instructions for Form IT-634 Empire State Jobs Retention Program Credit - New York

Form IT-634 Empire State Jobs Retention Program Credit - New York

This document contains official instructions for Form IT-634 , Empire State Jobs Retention Program Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-634 is available for download through this link.

FAQ

Q: What is Form IT-634?A: Form IT-634 is a tax form used in New York to claim the Empire State Jobs Retention Program Credit.

Q: What is the Empire State Jobs Retention Program Credit?A: The Empire State Jobs Retention Program Credit is a tax credit designed to incentivize businesses to retain jobs in New York.

Q: Who is eligible to claim the Empire State Jobs Retention Program Credit?A: Eligible businesses that meet certain criteria, such as being an eligible employer and having a qualifying job retention agreement, can claim this credit.

Q: How do I complete Form IT-634?A: You must provide information about the business, the qualifying job retention agreement, and calculate the credit using the instructions provided.

Q: What supporting documentation do I need to submit with Form IT-634?A: You may need to submit a copy of the job retention agreement and any other documentation required by the Department of Taxation and Finance.

Q: When is the deadline to file Form IT-634?A: The deadline to file Form IT-634 is the same as your annual tax returnfiling deadline, typically April 15th.

Q: Can I e-file Form IT-634?A: Yes, you can e-file Form IT-634 if you already e-file your annual tax return.

Q: Is the Empire State Jobs Retention Program Credit refundable?A: No, the Empire State Jobs Retention Program Credit is non-refundable. However, any unused credit can be carried forward for future tax years.