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New York Tax Form 272: Claim for College Tuition Credit or Itemized Deduction

Use the New York Tax Form Calculator New York Tax Form 272: Claim for College Tuition Credit or Itemized Deduction as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 New York state tax return. New York Tax Form 272: Claim for College Tuition Credit or Itemized Deduction 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.

Claim for College Tuition Credit or Itemized Deduction
Note: If you are married and filing separate New York State returns, you must also enter your spouse’s name and social security number.
1Are you claimed as a dependent on another taxpayer’s New York State tax return for this tax year?
• If Yes, stop; you do not qualify for the college tuition credit or the college tuition itemized deduction.
• If No, continue with question 2.
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2Were you (and your spouse if filing a joint return) a New York State resident for all of this tax year?
• If Yes, continue with Part 1 below.
• If No, stop; you do not qualify for the college tuition credit. However, you may qualify for the college tuition itemized deduction. For more information, see the instructions for Form IT-203.
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Part 1 – In the spaces provided below, complete lines A through H for up to three eligible students for whom you paid qualified college tuition expenses. (If you are claiming expenses for more than three eligible students, see instructions.)
1 – Student 12 – Student 23 – Student 3
AEligible student’s name
BEligible student’s social security number (SSN)
CIs the student claimed as a dependent on your NYS return? (see instructions)
DEIN of college or university (see instr.)
EName of college or university (see instr.)
FWere expenses for undergraduate tuition? (see instructions)
GAmount of qualified college tuition expenses (see instructions)
HEnter the lesser of line G or 10000
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Part 2 – Complete Part 2 if your total qualified college tuition expenses on line 3 are less than $5000
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• If you did not itemize your deductions on your federal return, enter the line 5 amount on Form IT-201, line 68.
• If you itemized your deductions on your federal return, continue with Part 4.
Part 3 – Complete Part 3 if your total qualified college tuition expenses on line 3 are $5000 or more.
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• If you did not itemize your deductions on your federal return, enter the line 7 amount on Form IT-201, line 68.
• If you itemized your deductions on your federal return, continue with Part 4.
Part 4 – College tuition itemized deduction election
If you itemized your deductions on your federal return, you may elect to claim the college tuition itemized deduction instead of the college tuition credit. To compute your college tuition itemized deduction, complete Worksheet 1 in the instructions for this form. To determine if you will receive a greater tax benefit from the itemized deduction or credit, complete Worksheet 2 in the instructions for this form.
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• If you marked an X in the box at line 8, enter the amount from Worksheet 1, line 5 (in the instructions for this form), on your itemized deduction schedule. Do not enter the college tuition credit from line 5 or 7 above on Form IT-201. You are entitled to claim either the deduction or the credit, but not both.
• If you did not mark an X in the box at line 8 and you elect to claim the college tuition credit instead of the college tuition itemized deduction, enter the line 5 or line 7 amount on Form IT-201, line 68.

Tip: use the New York Tax Calculator to edit your refundable and non-refundable tax credits including New York Tax Form 272: Claim for College Tuition Credit or Itemized Deduction. Complete, Calculate, print and or save your tax calculation for later use.

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New York State tax calculators: Online Claim for College Tuition Credit or Itemized Deduction, complete, calculate, print or save for later use. New York Tax Form Calculator