IT-195: Allocation of Refund - Attachment to Form IT-201 (2025)
New York · NY DTF · Used for tax years 2025
Form IT-195 lets you allocate all or part of your refund for direct deposit into up to three NYS 529 college savings accounts. It records account details, deposit amounts, and the total contribution allocation and is submitted with Form IT-201 or IT-203.
Who files this form
Use Form IT-195 with Form IT-201 or IT-203 if you want to directly deposit all or part of your refund into up to three NYS 529 college savings accounts.
What you'll need
You will need:
- Form IT-201 or IT-203, with which you submit this attachment.
- Your name(s) as shown on the return and your Social Security number.
- The deposit amount, routing number, account number, and plan code for each NYS 529 account you want to receive a deposit.
The form directs you to the instructions for Form IT-201 or IT-203 for help completing Form IT-195.
How to file
Submit Form IT-195 with Form IT-201 or IT-203. Only one Form IT-195 can be submitted with your return.
Enter the deposit information for up to three NYS 529 college savings accounts. Use whole dollars only. Add lines 1a, 2a, and 3a, and enter the total on line 4. Also enter that total on Form IT-201, line 78a, or Form IT-203, line 68a.
Common mistakes
- Do not submit more than one Form IT-195 with your return.
- Use whole dollars only for the amounts entered.
- Submit this form with Form IT-201 or IT-203, not by itself.
Questions people ask
Can I put only part of my refund into a NYS 529 account?
Yes. The form allows you to directly deposit all or a portion of your refund.
How many NYS 529 accounts can receive deposits?
You can allocate your refund to up to three NYS 529 college savings accounts.
Can I submit more than one Form IT-195?
No. Only one Form IT-195 can be submitted with your return.
Where do I report the total allocation?
Add lines 1a, 2a, and 3a and enter the total on Form IT-195, line 4. Also enter it on Form IT-201, line 78a, or Form IT-203, line 68a.
Where can I find instructions for completing this form?
The form refers you to the instructions for Form IT-201 or Form IT-203.