IT-253: Claim for Alternative Fuels Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-253 calculates the alternative fuels credit carried over from last year, the amount used this year, and the amount available to carry forward. It also reports recapture of the alternative-fuel vehicle refueling property credit.
Who files this form
Form IT-253 is used to calculate alternative fuels credit carried over from last year, the amount used this year, and the amount available for next year. It also reports recapture of the alternative-fuel vehicle refueling property credit.
The form includes reporting lines for individuals, partnerships, and fiduciaries, as well as shares of recapture received by partners, S corporation shareholders, and estate or trust beneficiaries.
What you'll need
The form calls for:
- Last year’s Form IT-253, for the carryover credit entered on line 1.
- Your name and identifying number as shown on your return, and your type of business, if applicable.
- Tax due before credits and tax credits claimed before this credit.
- For recapture, the tax year the credit was allowed, total recovery period, years in service before the recapture year, and original credit allowed.
- Your share of any recapture as a partner, S corporation shareholder, or estate or trust beneficiary, if applicable.
How to file
Submit Form IT-253 with Form IT-201, IT-203, IT-204, or IT-205.
For total recapture on line 9:
- Individuals: Enter the amount and code 253 on Form IT-201-ATT, line 20, or Form IT-203-ATT, line 19.
- Partnerships: Enter the amount and code 253 on Form IT-204, line 148.
- Fiduciaries: Continue with lines 10 and 11 to show recapture allocated to beneficiaries and the fiduciary’s share.
The supplied form text does not give a mailing address or e-file directions.
Common mistakes
- Do not submit Form IT-253 by itself. The form says to submit it with Form IT-201, IT-203, IT-204, or IT-205.
- When transferring line 9 recapture to the listed individual or partnership return lines, include code 253.
- Fiduciaries should continue with lines 10 and 11 rather than stop at line 9.
Questions people ask
Where do I enter credit carried over from last year?
Enter the carryover credit from last year’s Form IT-253 on line 1.
How much credit does the form allow me to use this year?
Line 5 uses the smaller of line 1, your carryover credit, or line 4, your tax due before credits minus the credits claimed before this credit.
How do I calculate the credit carried over to next year?
Subtract line 5 from line 1 and enter the result on line 6.
Where do I report my share of recapture from a partnership, S corporation, estate, or trust?
Enter your share on line 8. Line 9 adds that amount to the recapture calculated on line 7.