IT-601: Claim for EZ Wage Tax Credit Including the ZEA Wage Tax Credit (2025)
New York · NY DTF · Used for tax years 2025
Form IT-601 is used to claim an Empire Zone (EZ) wage tax credit carryforward, including the Zone Equivalent Area (ZEA) wage tax credit. It calculates the credit available and used for the current tax year and the amount available to carry over.
Who files this form
Form IT-601 is used to claim an EZ wage tax credit carryforward, including a ZEA wage tax credit carryforward. For tax year 2025, the form starts with the unused wage tax credit carried forward from the preceding tax year.
Submit it with Form IT-201, IT-203, or IT-205.
What you'll need
Have these forms and details available to complete IT-601:
- Your Form IT-201, IT-203, or IT-205, including the name and taxpayer identification number shown on that return.
- The wage tax credit carryforward amount from the preceding tax year.
- The name and designation date of each empire zone (EZ) or zone equivalent area (ZEA).
- Your tax due before credits and the credits applied before this credit.
- For IT-201 filers, the amounts from IT-201, line 39, and Form IT-230-I, Worksheet A, line 1.
- For IT-203 filers, the amounts from IT-203, line 46, and IT-203-ATT, line 18.
- For IT-205 filers, the tax from line 8 for residents or line 9 for nonresidents and part-year residents.
How to file
Submit Form IT-601 with Form IT-201, IT-203, or IT-205. The supplied form text does not give a mailing address or e-file directions.
- Enter your name, taxpayer identification number, zone name, and zone designation date.
- Calendar-year filers must mark an X in the calendar-year box. Other filers enter the beginning and ending dates of their tax period.
- Complete Part 1 to calculate the credit available for the current year.
- Complete Part 2 to calculate the credit used and the amount carried over.
- If you have multiple zones, complete Part 3. Attach additional sheets if needed.
Common mistakes
- Do not omit Part 3 if you have multiple zones. Attach additional sheets if needed.
- Remember to mark the calendar-year box or enter your tax period's beginning and ending dates, as applicable.
- Submit IT-601 with Form IT-201, IT-203, or IT-205.
- If claiming a credit carryforward from more than one entity, the form directs you to see the instructions for line 3. Those instructions were not supplied here.
Questions people ask
What amount goes on line 1?
Enter the wage tax credit carryforward from the preceding tax year.
How is the credit available for the current year calculated?
Line 3 is 50% of the tax entered on line 2. On line 4, enter the smaller of line 1 or line 3. The form directs filers with carryforwards from more than one entity to see the instructions.
How much credit can I use this year?
Subtract line 6, credits applied before this credit, from line 5, tax due before credits. Enter that result on line 7. Line 8 is the smaller of line 4 or line 7; the form also directs you to see the instructions for line 8.
How do I calculate the amount available to carry over?
Subtract the credit used on line 8 from the carryforward on line 1. Enter the result on line 9.
What if I have more than one zone?
Complete Part 3 with each ZEA or EZ name and its designation date. Attach additional sheets if needed.