IT-270: New York City Income Tax Elimination Credit (2025)
New York · NY DTF · Used for tax years 2025
Form IT-270 checks eligibility for and calculates the New York City Income Tax Elimination Credit. It uses your federal adjusted gross income, an income threshold based on filing status and number of dependents, and amounts from your tax return and other credit forms. Submit it w
Who files this form
Use Form IT-270 to claim the New York City Income Tax Elimination Credit. Submit it with Form IT-201 or IT-203.
The form says you do not qualify if any of these apply:
- You are not claiming at least one dependent on Form IT-201, item H, or Form IT-203, item I.
- Form IT-201, line 54, or Form IT-203, line 52(a), is zero.
- Your federal adjusted gross income exceeds your applicable income threshold by more than $5,000.
- Your investment income is greater than $10,000.
- You are claiming a New York City or New York State pass-through entity tax credit (PTET).
Your applicable income threshold depends on your filing status and number of dependents. The form refers to instructions for those thresholds, but no instructions were provided.
What you'll need
Have the following information available:
- Your Form IT-201 or IT-203, including the names shown on the return, your Social Security number, dependent information, federal adjusted gross income on line 19, and the amount on IT-201, line 54, or IT-203, line 52(a).
- Your filing status and number of dependents, which determine the applicable income threshold.
- Your investment income amount and whether you are claiming NYC or NYS PTET credits.
- If applicable, Form IT-216, line 24 or 28, for the refundable NYC child and dependent care credit.
- If applicable, Form IT-215, line 27, or Form IT-209, line 45, for the NYC earned income credit.
The form refers to instructions for the income threshold and investment income guidance. Those instructions were not provided.
How to file
Submit Form IT-270 with Form IT-201 or IT-203.
The supplied form text does not provide a mailing address or e-file directions.
Common mistakes
- Do not continue past an eligibility answer that says to stop. These warnings cover dependents, a zero amount on the specified return line, income limits, investment income, and PTET credits.
- Do not continue the credit calculation if the result on Part 2, line 3, is more than $5,000. The form says you do not qualify.
- Do not submit IT-270 by itself. The form says to submit it with Form IT-201 or IT-203.
Questions people ask
Do I need to claim a dependent?
Yes. You must claim at least one dependent on Form IT-201, item H, or Form IT-203, item I. Otherwise, the form says you do not qualify.
Can I claim this credit if I am claiming a PTET credit?
No. The form says you do not qualify if you are claiming a New York City or New York State pass-through entity tax credit.
What if my income is at or below my applicable threshold?
Enter zero on Part 2, line 3. If your income is above the threshold, subtract line 2 from line 1. If the result is more than $5,000, stop because you do not qualify.
How do I round the percentage on line 5?
Divide line 4 by 5,000 and enter the result as a decimal rounded to the fourth decimal place.