CT-601: Claim for EZ Wage Tax Credit Including the ZEA Wage Tax Credit (2025)
New York · NY DTF · Used for tax years 2025
Form CT-601 is used by corporations to claim an EZ wage tax credit carryforward, including the ZEA wage tax credit. It calculates the credit available for the current tax year, the amount used, and the remaining carryforward. It is filed with Form CT-3 or CT-3-A.
Who files this form
Form CT-601 is for corporations claiming an Empire Zone (EZ) or Zone Equivalent Area (ZEA) wage tax credit carryforward. File it with Form CT-3 or CT-3-A.
The form also includes a checkbox for corporations claiming the credit as a corporate partner. The supplied form does not explain eligibility requirements.
What you'll need
Have Form CT-3 or CT-3-A and the following information ready:
- Corporation’s legal name and employer identification number.
- Tax period beginning and ending dates.
- Name of each EZ or ZEA and its zone designation date.
- Wage tax credit carryforward from the preceding tax year.
- Current year’s tax, other credits claimed before the wage tax credit, and the appropriate minimum tax.
For multiple zones, complete Schedule C and attach additional sheets if needed.
How to file
File Form CT-601 with Form CT-3 or CT-3-A. The supplied text does not provide a mailing address or e-filing directions.
- Enter the corporation’s identifying information and tax period.
- Complete Schedule A to calculate the credit carried forward and available for the current tax year.
- Complete Schedule B to calculate the credit used and carried over.
- Complete Schedule C if you have multiple zones.
- Mark box A if claiming the credit as a corporate partner.
Several lines refer to instructions that were not supplied, including special guidance for carryforwards from more than one entity.
Common mistakes
- Leaving the tax period blank: All filers must enter beginning and ending dates.
- Omitting multiple-zone information: Complete Schedule C for multiple zones and attach additional sheets if needed.
- Missing the corporate-partner checkbox: Mark box A if you are claiming the credit as a corporate partner.
- Filing without the accompanying return: The form says to file it with Form CT-3 or CT-3-A.
- Overlooking the line 3 instruction reference: If claiming a carryforward from more than one entity, the form directs you to the instructions.
Questions people ask
Where do I enter my credit carryforward from last year?
Enter the wage tax credit carryforward from the preceding tax year on line 1. The form refers you to the instructions for this line.
How is the current-year credit limitation calculated?
Line 3 is 50% of line 2. Line 8 is line 6 minus the appropriate minimum tax on line 7. On line 9, enter the lesser of line 3 or line 8. If claiming a carryforward from more than one entity, line 3 directs you to the instructions.
How do I calculate the credit available to carry forward?
On line 11, subtract the credit used for the current tax year on line 10 from the carryforward entered on line 1.
What if I have more than one zone?
Complete Schedule C with each EZ or ZEA name and its zone designation date. Attach additional sheets if needed.