IT-643: Hire a Veteran Credit (2025)
New York · NY DTF · Used for tax years 2025
Form IT-643 calculates New York’s Hire a Veteran Credit for wages paid to qualified veterans and qualified disabled veterans in full-time or part-time positions. It also reports shares of the credit received from an entity, credit used for the current tax year, and unused credit
Who files this form
Form IT-643 is used to claim the Hire a Veteran Credit. The form covers:
- Individuals (sole proprietors), partnerships, and fiduciaries of estates or trusts that earned the credit.
- Partners, shareholders of New York S corporations, and beneficiaries of estates or trusts who received a share of the credit.
All filers must complete line A to indicate whether they earned the credit directly or received a share from an entity.
What you'll need
Have the following forms and information available, as applicable:
- Your name and identifying number as shown on your return, your business’s EIN, and the total number of employees claimed for the credit.
- The required Form DTF-75, Employee Affidavit for the Hire a Veteran Credit, for each veteran claimed.
- Each veteran’s name, Social Security number, employment period, and wages paid for Schedule A.
- Each entity’s name, type, EIN, and your share of its credit for Schedule B.
- Beneficiaries’ names, identifying numbers, and credit shares for Schedule C. Names must match Form IT-205, Schedule C.
- Last year’s Form IT-643 if you have a credit carryover.
- Your tax due before credits and the tax credits claimed before this credit for Schedule E.
How to file
Submit Form IT-643 with Form IT-201, IT-203, IT-204, or IT-205.
Complete line A, then use the schedules directed by your answer:
- Yes, you earned the credit directly: Sole proprietors complete Schedules A, D, and E; partnerships complete Schedules A and D; fiduciaries complete Schedules A, C, D, and E.
- No, you received a share of the credit: Complete Schedules B, D, and E. Fiduciaries also complete Schedule C.
Partnerships enter the line 12 amount and code 643 on Form IT-204, line 147. All other filers complete Schedule E.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Leaving line A blank: The form says all filers must complete it.
- Overlooking the affidavit checkbox: Mark an X on line D if you have the required Form DTF-75 for every veteran claimed.
- Missing a fiduciary schedule: Fiduciaries must also complete Schedule C, including when they answer No on line A.
- Omitting the partnership transfer: Partnerships must enter the line 12 amount and code 643 on Form IT-204, line 147.
Questions people ask
How is the credit calculated for qualified veterans?
For qualified veterans in full-time positions, Schedule A uses 15% of wages paid, capped at $15,000 per veteran. For part-time positions, it uses 15%, capped at $7,500 per veteran.
Are the amounts different for qualified disabled veterans?
Yes. Schedule A uses 20% of wages paid, capped at $20,000 per qualified disabled veteran in a full-time position or $10,000 in a part-time position.
Where do I report a credit received from a partnership, S corporation, estate, or trust?
Use Schedule B. Enter each entity’s name, type, EIN, and your share of the credit. The type codes are P for a partnership, S for a New York S corporation, and ET for an estate or trust.
How much credit can I use this year, and where is the carryover shown?
Schedule E, line 16, uses the smaller of your total credit on line 12 or the amount on line 15, which is tax due before credits minus credits claimed before this credit. Line 19 shows the credit available to carry over to next year after subtracting unused expired credit from unused credit.