Frequently Asked Questions MI - TaxGarden 

Personal Tax FAQ

Ask us!

Who is a Yonkers City Resident?
A taxpayer is regarded as a Yonkers City resident for income tax purposes if their domicile is Yonkers City or the taxpayer maintain a permanent place of abode in Yonkers City for more than 11 months of the year and spend 184 days or more during the tax year.
What form should a New York taxpayer use to file their State Tax Return?
If a taxpayer was a New York State resident for the entire year, they can file their return using Form IT-201, Full-Year Resident Income Tax Return. If a taxpayer was a nonresident or part-year resident of New York, they can use Form IT-203, to file their New York State return.
What documents are needed to file the New York state tax return?
You might require the following documents while filing your New York state tax return.
  • Informational forms such as W-2, 1098, or 1099 forms.
  • Social security numbers for you, your spouse, and your dependents.
  • Supporting documents related to any credits that you are claiming.
  • Bank account and routing numbers.
  • Copy of your completed federal return (if already filed).
Who must file Yonkers nonresident earnings tax return?
Taxpayers who file Form Y-203 are required to file a New York State return, and must be Yonkers nonresident who earns wages or carries on a trade or business there, or are a member of a partnership that carries on a trade or business there.
What is Long Term Care Insurance Credit?
Taxpayers who pay premiums for qualified long-term care insurance are eligible to claim a credit equal to 20% of the premiums paid during the tax year for the purchase of or for continuing coverage under a qualifying long-term care insurance policy.
When to submit Form IT‑360.1?
If a taxpayer had New York City or Yonkers change of resident status during the tax year, they must complete Form IT‑360.1. If a taxpayer changed their New York City or Yonkers residence, but not their New York State residence, submit Form IT‑360.1 with Form IT‑201, Resident Income Tax Return.
What documents are needed to support the claim of dependent care credit in the return?
After the return is reviewed by the state tax authority, they may ask to prove the eligibility for the credit. You will need canceled checks or money orders, cash receipts received at the time of payment that can be verified by the department to support the claim.
When to conclude that someone is not required to file Yonkers nonresident return?
When a Taxpayer meets all of these conditions, they are not required to file Yonkers nonresident return.
  • Taxpayer do not have to file a New York State income tax return
  • Taxpayer’s income from Yonkers sources consisted only of wages
  • Taxpayer’s total wages received for the year subjective to Yonkers nonresident earnings tax was not more than $3,000
Who can’t claim New York State Resident Credit?
If a Taxpayer is a resident of the State of New York and another state or Canadian province for income tax purposes, they won’t be able to claim New York State Resident Credit.
What is Property Tax Freeze Credit?
Property Tax Freeze Credit is a special kind of tax break program that helps qualifying homeowners of New York from increase in local property taxes on their primary residences.
What is Unemployment Compensation from New York Source?
Unemployment Compensation from New York Source is nothing but the Amount of Unemployment Compensation that a taxpayer had received while being as a New York Resident during the tax year.
What are Income from State and local government obligations?
Income from State and local government obligations is nothing but the income that you receive from State and Local authorities through Bonds, Obligations from within the State of New York source.
What is Interest Income from New York Source?
Interest Income from New York Source is nothing but the amount of Interest Income that you received from any source within the state of New York.
Are public employee 414 (h) contributions taxable by New York State?
New York State or its local government’s public employee retirement contributions are taxable by the State of New York. While filing the State tax return, this 414(h) contribution amount must be entered on Form IT-203, Line 21.
How to avail Property Tax Freeze Credit?
Eligible homeowners do not need to do anything to receive the credit. The Tax Department will review eligibility data and calculate the credit for all qualifying taxing jurisdictions. The concerned department will mail eligible taxpayers a single check in the fall of each of the program’s three years (2014, 2015, and 2016).
How to report Property Tax Freeze Credit in Yonkers tax return?
After receiving the credit just be sure to look for the input that asks you to check if you received a property tax freeze credit on your New York State Return. Doing so will reduce your Yonkers tax due as applicable according to the law.
Which is the easiest method to file New York State Return?
E-filing your State Return is the easiest and quickest method to file your New York State return.
What is the eligibility for Real Property Tax Credit?
A taxpayer gets eligible for this refundable credit if they fulfill the following criteria:
  • Taxpayer’s household gross income is $18,000 or less.
  • Taxpayer must have occupied the same New York residence for six months or more.
  • Taxpayer must have been New York State resident for the entire tax year.
  • Taxpayer can’t be claimed as a dependent on another taxpayer's federal income tax return.
  • Taxpayer’s residence was not completely exempted from real property taxes
  • The current market value of all real property the Taxpayer owned, such as houses, garages, and land, was $85,000 or less.
What is the exact credited amount for Real Property Tax Credit?
  • If all members of Taxpayer’s household are under 65, the credit can be as much as $75.
  • If at least one member of Taxpayer’s household is 65 or older, the credit can be as much as $375.
  • If Taxpayer’s credit is more than the taxes you owe, you can claim a refund.
Who is eligible to claim Volunteer Firefighter and Ambulance Credit?
Taxpayers are entitled to claim this credit if they fulfill the following criteria:
  • Taxpayers was an active volunteer firefighter or volunteer ambulance worker for all of the tax year
  • Taxpayers were a resident of New York State for all of the tax year.
  • Taxpayers did not receive a real property tax exemption that relates to their volunteer service.
What is the exact credited amount for Volunteer Firefighter and Ambulance Credit?
The credit amount for Volunteer Firefighter and Ambulance Credit is $200 for single and $400 for married filing joint taxpayers if both spouses are eligible. If the credit exceeds your tax for the year, the excess amount will be refunded without any interest.
What is Long-term Care Insurance Credit?
Long-term care insurance credit is a nonrefundable credit that a taxpayer gets when they or their business pays premiums for qualifying long-term care insurance policies.
What is the exact credited amount for Long-term care insurance credit?
The allowable credit is 20% of the premiums paid during the tax year for the purchase of, or for continuing coverage under a qualifying long-term care insurance policy.
What is Nursing Home Assessment Credit?
This is a type of refundable credit paid the nursing home assessment imposed on a New York State nursing home. Taxpayer can claim the credit only if they actually paid the assessment
What is clean heating fuel credit?
Clean heating fuel credit is a nonrefundable credit offered by the state of New York began towards personal income taxpayers of the state. This credit is offered for biodiesel purchases used for residential space heating and water heating from the year 2006. In order to claim the tax credit personal income taxpayers must complete Form IT-241.
Who are eligible to claim Solar Energy System Equipment Credit?
A taxpayer is eligible to claim this credit if they fulfill the following criteria:
  • Taxpayer purchased solar energy system equipment,
  • Taxpayer signed a written agreement for the lease of solar energy system equipment.
  • Taxpayer signed a written agreement that spans at least ten years for the purchase of power generated by solar energy system equipment not owned by the taxpayer.
What happens to the excessive Solar Energy System Equipment Credit?
The solar energy system equipment credit is not refundable. Contrariwise, any credit amount available in excess of the tax due can be carried over for up to five consecutive tax years.
Who is eligible for Claim of Right Credit?
New York taxpayers are entitled to this refundable credit if they fulfill the following criteria:
  • Taxpayer paid New York State, New York City, or Yonkers tax on claim of right income.
  • Taxpayer is taking a federal claim of right credit on your federal return.
What is Return a Gift to Wild Life Contribution?
Gift to Wild Life is a wildlife conservation volunteer contribution fund to provide every taxpayer with an easy, simple way to support fish and wildlife conservation.
What is Missing/Exploited Children Fund Contribution?
This is a voluntary contribution made by taxpayers while filing their New York state personal tax to provide services, resources and technical assistance to child victims of abduction and sexual exploitation, their families and the professionals who serve them.