New York Tax Form 219 Fill in and Calculate New York State tax Online

New York Tax Form 219: Investment Credit

Use the New York Tax Form Calculator New York Tax Form 219: Investment Credit as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 New York state tax return. New York Tax Form 219: Investment Credit is also integrated into our comprehensive New York State Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and New York State Tax Estimator to quickly calculate your salary, tax and take home pay in New York.

Tax Law – Article 22, Section 606(a)
Part 1 – Partner (see instructions)
1	Enter the amount from Form NYC-204, line 23 (see instr.)		1
2	Enter the amount from Form NYC-204, line 20 (see instr.)		2
3	Add lines 1 and 2			3
4	Enter your percentage of total distributive shares from Form NYC-204, Schedule C, column I. Enter amount as a decimal and round to the fourth decimal place (for example, 17.5% = 0.175)			4
5	Multiply line 3 by line 4 (if more than one business, see instructions)			5
Part 2 – Individual
6	Resident individual: Enter the amount from Form NYC-202, line 21, or Form NYC-202S, line 8 (see instr.) Part-year resident individual: Enter the amount from Worksheet A, line 5 (on back)			6
Part 3 – Beneficiary’s share of unincorporated business taxes (see instructions)
7	Beneficiary – Enter your share of New York City unincorporated business taxes imposed on the estate or trust (see instructions)			7
	Name of estate or trust		Employer identification number
Part 4 – Computation of credit
8	Fiduciaries: Enter the amount from Schedule A, Fiduciary line, column D (on back; see instr.) All others: Add lines 5, 6, and 7 (partners, see instructions)			8
9	Enter your taxable income from: Full-year NYC resident individuals – Form IT-201, line 37 Part-year NYC resident individuals – Form IT-360.1, line 47 Full-year NYC resident estates or trusts – Form IT-205, line 5 Part-year NYC resident trusts – Form IT-205-A, line 10, col. (b)		9
10	If line 9 above is: – $42000 or less, enter 1 (100%) – more than $42000, but less than $142000, complete Worksheet B (on back) – $142000 or more, enter 0.23 (23%)			10
11	Multiply line 8 by line 10. New York City resident individuals – Continue on line 12 below. NYC part-year resident individuals: Stop; enter line 11 amount on Form IT-360.1, line 54. Estates and trusts: Stop; enter line 11 amount on Form IT-205, line 22			11
New York City full-year resident individuals
12	Amount from Form IT-201, line 49			12
13	Amount from Form IT-201-ATT, line 32			13
14	Amount from Form IT-201-ATT, line 33			14
15	Add lines 12, 13, and 14			15
16	Enter the lesser of line 11 or 15, and transfer the amount to Form IT-201-ATT, line 8			16
Worksheet A
1	Enter the amount from Form NYC-202, line 21, Form NYC-202EIN, line 21, or Form NYC-202S, line 8			1
2	Individuals: Enter the amount from Form IT-360.1, line 6, column B Trusts: Enter the amount from Form IT-205-A, Schedule 4, line 16, column C (see instructions)		2
3	Individuals: Enter the amount from Form IT-360.1, line 6, column A Trusts: Enter the amount from Form IT-205-A, Schedule 4, line 16, column A (see instructions)		3
4	Divide line 2 by line 3 and round the result to the fourth decimal place			4
5	Multiply line 1 by line 4. This is the part-year resident tax imposed on the unincorporated business. Estates and trusts: Include this amount (below) in Schedule A, Totals line, column D. All others: Transfer this amount to line 6 on the front page			5
Worksheet B
1	Base percentage 100%			1
2	Enter your taxable income from the front page, line 9		2
3	Base amount		3
4	Subtract line 3 from line 2		4
5	Divide line 4 by $100000 and round to the third decimal place		5
6	Multiply line 5 by 0.77			6
7	Subtract line 6 from line 1. Transfer this decimal amount to the front page, line 10			7
Schedule A (for estates and trusts only)
Fiduciary’s and beneficiary’s share of New York City unincorporated business tax
A Name and address of beneficiary		B Beneficiary’s identifying number	C Allocation percentage	D Beneficiary’s eligible unincorporated business taxes
Totals






Fiduciary

Tip: use the New York Tax Calculator to edit your refundable and non-refundable tax credits including New York Tax Form 219: Investment Credit. Complete, Calculate, print and or save your tax calculation for later use.

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