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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-635
for the current year.
Form IT-635 New York Youth Jobs Program Tax Credit - New York
What Is Form IT-635?
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 the IT-635 form?A: The IT-635 form is the New York Youth Jobs Program Tax Credit form.
Q: What is the New York Youth Jobs Program Tax Credit?A: The New York Youth Jobs Program Tax Credit is a tax credit offered by the state of New York to incentivize employers to hire and retain eligible youth employees.
Q: Who is eligible for the New York Youth Jobs Program Tax Credit?A: Employers who hire and retain eligible youth employees in designated areas of New York are eligible for the tax credit.
Q: How much is the tax credit?A: The tax credit is up to $5,000 per eligible youth employee hired and retained by the employer.
Q: What are the requirements to qualify for the tax credit?A: To qualify for the tax credit, employers must meet certain criteria, such as hiring eligible youth employees between specific dates and retaining them for a minimum period of time.
Q: Are there any deadlines for filing the IT-635 form?A: Yes, employers must file the IT-635 form by the due date specified by the New York State Department of Taxation and Finance.
Q: Can the tax credit be claimed for previous years?A: No, the tax credit can only be claimed for the tax year in which the eligible youth employees were hired and retained.
Q: Are there any limitations on the number of tax credits that can be claimed?A: Yes, there are limitations on the number of tax credits that can be claimed by an employer.
Q: Is the New York Youth Jobs Program Tax Credit refundable?A: No, the tax credit is non-refundable, but any unused credit can be carried forward to future tax years.
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-635 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-635 New York Youth Jobs Program Tax Credit - New York
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