IT-647: Farm Workforce Retention Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-647 is used to calculate and claim New York’s Farm Workforce Retention Credit. It reports eligible farm employee information, credit earned or received from an entity, and any credit allocated to beneficiaries.
Who files this form
Form IT-647 is for claiming the Farm Workforce Retention 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 receiving a share of the credit.
If you earned the credit directly, line B asks whether the percentage on your applicable worksheet is at least 0.6667 (66.67%). If it is not, the form says to stop because you do not qualify.
What you'll need
Have the information and forms needed for the parts that apply to you:
- Your name and identifying number as shown on your return, plus business information requested on the form.
- If you earned the credit directly: the farm’s name, EIN, and physical address; the total number of employees claimed; and each eligible employee’s name, Social Security number, work location ZIP code (first five digits), and hours worked for the tax year.
- The applicable worksheet from the instructions: Worksheet A for IT-201 or IT-203 filers, Worksheet B for IT-205 filers, or Worksheet C for IT-204 filers.
- Form IT-647-ATT, if applicable.
- If you received a share of the credit: each entity’s name, type, EIN, and your share of the credit.
- For beneficiary allocations: each beneficiary’s name as shown on Form IT-205, Schedule C, identifying number, and share of the credit.
How to file
Submit Form IT-647 with Form IT-201, IT-203, IT-204, or IT-205.
All filers must complete line A. Then follow the route that applies:
- You earned the credit directly: Complete lines B, C, D, and E, and Schedules A and D. Fiduciaries also complete Schedule C. Complete and submit Form IT-647-ATT if applicable.
- You received a share of the credit: Complete Schedules B and D. Fiduciaries also complete Schedule C. Do not complete Schedule A or Form IT-647-ATT.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Skipping line A: All filers must complete it.
- Continuing after answering No on line B: The form says to stop because you do not qualify for the credit.
- Completing the wrong schedules after answering No on line A: Complete Schedules B and D, not Schedule A or Form IT-647-ATT. Fiduciaries must also complete Schedule C.
- Submitting IT-647 by itself: The form says to submit it with Form IT-201, IT-203, IT-204, or IT-205.
Questions people ask
What credit rate does the 2024 form use?
Line 4 lists a rate of $1,200. Line 5 multiplies the total number of eligible farm employees on line 3 by that rate.
Which worksheet applies to my return?
IT-201 and IT-203 filers use Worksheet A on page 3 of the instructions. IT-205 filers use Worksheet B on page 4. IT-204 filers use Worksheet C on page 5.
How do I report credit received from another entity?
Use Schedule B. Enter the entity’s name, type, EIN, and your share of the credit. Use P for a partnership, S for an S corporation, or ET for an estate or trust.
What does line E ask about wine or cider income?
It asks whether more than 50% of the income included on Worksheet A, line 18; Worksheet B, line 17; or Worksheet C, line 16 comes from the sale of wine or cider.