IT-651: Recovery Tax Credit (2024)
New York · NY DTF · Used for tax years 2024
Form IT-651 is used to claim New York’s Recovery Tax Credit. It reports certificate information, credit earned or received from another entity, and any allocation between an estate or trust and its beneficiaries.
Who files this form
Form IT-651 is used to claim the recovery tax credit. It covers:
- Individuals, including sole proprietors, partnerships, and estates or trusts that earned the credit.
- Partners, New York S corporation shareholders, and estate or trust beneficiaries who received a share of the credit from an entity.
All filers must complete line A to indicate whether they earned the credit directly or received a share of it.
What you'll need
You must submit a copy of the certificate of tax credit issued by the New York State Office of Addiction Services and Supports (NYS OASAS).
Have these details ready:
- Your name and identifying number as shown on your return.
- If you earned the credit directly: the certified business’s name, EIN, and certificate number from the certificate, plus the number of eligible employees for whom you are claiming the credit.
- If you received a share of the credit: each entity’s name, type, EIN, certificate number, and your share of the credit.
- If completing Schedule C: 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-651 with Form IT-201, IT-203, IT-204, or IT-205. Include a copy of your NYS OASAS certificate of tax credit.
Complete the form as follows:
- Answer line A.
- If you answer Yes, complete lines B through E and Schedules A and D. Fiduciaries must also complete Schedule C.
- If you answer No, complete Schedules B and D. Fiduciaries must also complete Schedule C.
- In Schedule D, add lines 6, 7, and 8 to calculate the total credit on line 9.
The provided form does not state a mailing address or give e-filing directions.
Common mistakes
- Leaving line A blank. All filers must complete it.
- Skipping Schedule C as a fiduciary. The form requires fiduciaries to complete it whether they answer Yes or No on line A.
- Omitting the certificate. You must submit a copy of the certificate of tax credit issued by NYS OASAS.
- Submitting IT-651 by itself. The form directs you to submit it with Form IT-201, IT-203, IT-204, or IT-205.
Questions people ask
How do I answer line A?
Answer Yes if you are claiming as an individual, including a sole proprietor, partnership, or fiduciary of an estate or trust that earned the credit directly. Answer No if you are claiming a share received as a partner, shareholder, or beneficiary.
Where do I get the information for lines B through D?
Use your certificate of tax credit. Enter the certified business’s name, EIN, and certificate number.
What entity type codes do I use in Schedule B?
Use P for a partnership, S for an S corporation, or ET for an estate or trust. Complete the information for each entity from which you received a share of the credit.
How is the fiduciary’s share calculated?
In Schedule C, add lines 1 and 2 to get line 3. Add the beneficiaries’ shares in column C to get line 4. Subtract line 4 from line 3, then enter the result on lines 5 and 8.