IT-250: Claim for Credit for Purchase of an Automated External Defibrillator (2024)
New York · NY DTF · Used for tax years 2024
New York Form IT-250 is used to claim a credit for purchasing an automated external defibrillator. It records purchase costs, credits received through partnerships, S corporations, estates or trusts, and the credit used for the current tax year.
Who files this form
Form IT-250 is used to claim the credit for purchasing an automated external defibrillator.
- Schedule A covers individuals, including sole proprietors, partnerships, and estates or trusts.
- If you received a share of the credit as a partner, a New York S corporation shareholder, or an estate or trust beneficiary, complete the entity information in Schedule B and report your share in Schedule C.
- Fiduciaries use Schedule D to report the beneficiary’s and fiduciary’s shares of the credit.
What you'll need
Have the following information ready to complete the form:
- Your name and identification number as shown on your tax return, and your type of business, if applicable.
- Each defibrillator’s name or model number, purchase date, and cost.
- If you received a share of the credit from an entity: its name, type, employer identification number, and your share of the credit.
- For fiduciaries: beneficiaries’ names as shown on Form IT-205, Schedule C, identifying numbers, and credit shares.
- Your tax due before credits and the credits applied before this credit.
How to file
Submit Form IT-250 with Form IT-201, IT-203, IT-204, or IT-205.
The supplied form does not provide a mailing address or e-filing directions.
Common mistakes
- Do not combine several defibrillators on one line. Use a separate line for each purchase.
- If you need more lines, submit additional Forms IT-250 and enter the total from those additional forms on line 1.
- In Schedule B, include information for each entity from which you received a share of the credit. Use P for partnership, S for S corporation, or ET for estate or trust.
- Follow the different transfer directions for fiduciaries: amounts from lines 2 and 6 go into Schedule D’s Total line, column C. All others transfer them to Schedule E, lines 7 and 8, respectively.
- Submit IT-250 with one of the tax returns listed on the form.
Questions people ask
How much credit does the form allow for each defibrillator?
Schedule A, column E, uses the lesser of the defibrillator’s cost or the $500 maximum in column D.
Can I list more defibrillators than fit on the form?
Yes. Submit additional Forms IT-250 and enter the total from those forms on line 1.
Where do I report a credit received from another entity?
Enter the entity’s information in Schedule B. Report your share in Schedule C: line 3 for a partnership, line 4 for an S corporation, or line 5 for a beneficiary’s share from a fiduciary’s Form IT-250.
How is the credit used for the current tax year calculated?
Schedule F subtracts credits applied before this credit from tax due before credits to find net tax on line 13. Line 14 is the lesser of your total credit on line 10 or net tax on line 13.