IT-214: Claim for Real Property Tax Credit for Homeowners and Renters (2024)
New York · NY DTF · Used for tax years 2024
Form IT-214 is used to claim New York’s real property tax credit for homeowners and renters for 2024. It reports household income and rent or real property taxes paid, and calculates the credit for your household.
Who files this form
Form IT-214 is for homeowners and renters claiming New York’s real property tax credit for 2024. The form does not say everyone must file it.
The form’s eligibility checks require that you:
- Were a New York State resident for all of 2024.
- Occupied the same residence for at least six months during 2024.
- Did not own real property with a current market value of more than $85,000 during 2024.
- Cannot be claimed as a dependent on another taxpayer’s 2024 federal return.
- Did not live in public housing or another residence completely exempt from real property taxes in 2024.
- Had household gross income of $18,000 or less.
For renters, average monthly adjusted rent must also be $450 or less. Passing these checks does not guarantee a credit; the form’s calculations determine whether a credit is allowed.
If you lived in a nursing home during 2024, the form directs you to the instructions. Those instructions are not included in the supplied text.
What you'll need
Have the following information ready to complete the form:
- Your name, date of birth, Social Security number, mailing address, and New York county of residence. For a joint claim, include your spouse’s identifying information.
- The address of the New York residence that qualifies you for the credit, if different from your mailing address.
- Names, Social Security numbers, and dates of birth for household members requested on lines 7 and 8.
- All household members’ 2024 income amounts, including nontaxable income.
- For renters: total rent paid during 2024, the number of months rent was paid, and which utilities or other charges were included.
- For homeowners: real property taxes paid during 2024, special assessments, and any amount entered for the optional exemption for homeowners age 65 and over.
- For direct deposit: account type, routing number, and account number.
The form refers to instructions for the rate on line 17 and the credit-limit chart on line 32. Those instructions are not included in the supplied text.
How to file
Complete the identifying information, eligibility checks, household income, property-tax calculation, and credit calculation. Sign the form; your spouse must also sign for a joint claim.
If filing with a New York State income tax return: Submit IT-214 with your return and enter the credit from line 33 on Form IT-201, line 67.
If not filing a New York State income tax return: Choose direct deposit or a paper check, and mail the form to:
NYS TAX PROCESSING
PO BOX 15192
ALBANY NY 12212-5192
For direct deposit, complete line 34. Mark the designated box if the refund funds would go to an account outside the U.S.
Common mistakes
- Leaving out identifying details: The form says you must enter dates of birth and Social Security numbers.
- Omitting nontaxable household income: Step 3 requires all amounts received during 2024 by you, your spouse if married, and all other household members, even if not taxable.
- Including subsidized rent: Do not include any subsidized part of your rental charge on line 19.
- Ignoring stop instructions: Stop if an eligibility answer disqualifies you, household gross income exceeds $18,000, or average monthly adjusted rent exceeds $450. No credit is allowed if line 28 is zero or less, or if line 29 is equal to or greater than line 28.
- Overlooking special instruction references: The form directs you to the instructions if you lived in a nursing home or if more than one household member is filing IT-214.
Questions people ask
Can I submit IT-214 without a New York State income tax return?
Yes. The form provides a separate mailing address for claims submitted without a state income tax return. You can choose direct deposit or a paper check.
Does household income include Social Security and other nontaxable payments?
Yes. The form requires household income even if it is not taxable. It has separate lines for Social Security payments not included in federal adjusted gross income, Supplemental Security Income, certain pensions and annuities, and cash public assistance and relief.
How is rent adjusted when it includes utilities or other charges?
Line 20 uses 50% of rent if it includes heat, gas, electricity, furnishings, and board; 75% if it includes heat, gas, electricity, and furnishings; 80% if it includes heat, gas, and electricity; 85% if it includes heat or heat and gas; and 100% if it includes none of those listed charges.
How do I determine the final household credit?
Line 33 is the smaller of the calculated amount on line 31 and the credit limit on line 32. The credit-limit chart is in the instructions, which are not included in the supplied text.