CT-600: Ordering of Corporation Tax Credits (2024)
New York · NY DTF · Used for tax years 2024
Form CT-600 summarizes New York corporation tax credits under Tax Law Article 9-A by credit type. It reports credits deducted, refunded, or applied as an overpayment to next year’s tax, with totals transferred to Form CT-3 or CT-3-A.
What you'll need
Have these forms and details available:
- Form CT-600-I, Instructions for Form CT-600. The form says to read it before completing CT-600.
- Your corporation’s legal name and employer identification number.
- Amounts claimed for nonrefundable/noncarryover credits, limited-duration carryover credits, and unlimited-duration carryover credits.
- Amounts of refundable credits deducted this year, refunded, or applied as an overpayment to next year’s tax.
- Form CT-3 or CT-3-A, whichever you file, to enter the credit amounts as directed.
Common mistakes
- Do not skip the separate instructions. The form specifically says to see Form CT-600-I, Instructions for Form CT-600, before completing it.
Questions people ask
Where do I enter credits that are not refundable?
Enter nonrefundable/noncarryover credits on line 1, column A. Enter limited-duration carryover credits on line 2, column A, and unlimited-duration carryover credits on line 3, column A.
How do I report refundable credits?
Use line 4. Enter the amount deducted this year in column A, the amount refunded in column B, and the amount applied as an overpayment to next year’s tax in column C.
Where else do I enter the refundable credits deducted this year?
Enter the amount from line 4, column A on Form CT-3 or CT-3-A, Part 7, line 3.
Where do the line 5 totals go on my corporation tax return?
If you file Form CT-3, enter the column A total in Part 7, line 2; column B in Part 2, line 25; and column C in Part 2, line 26.
If you file Form CT-3-A, enter the column A total in Part 7, line 2; column B in Part 2, line 26; and column C in Part 2, line 27.