Get the free CT-33.1 - tax ny

This form is used to claim the CAPCO credit under New York State tax law, detailing the computation of allocated CAPCO credits for the current tax year.

How to fill out ct-331 - tax ny

How to fill out CT-33.1

1. Obtain the CT-33.1 form from the appropriate tax authority's website or office.
2. Fill in your personal information, including your name, address, and Social Security number or taxpayer identification number.
3. Provide details about your business, including its name, address, and federal Employer Identification Number (EIN).
4. Enter the income information as required, making sure to include all relevant sources.
5. Complete any necessary schedules or additional forms as indicated in the instructions.
6. Review the form to ensure all information is accurate and complete.
7. Sign and date the form where indicated.
8. Submit the CT-33.1 form by the required due date, either electronically or by mail, as per the instructions.

Who needs CT-33.1?

1. Businesses operating in New York that need to report their income, as well as those required to file tax returns with the state.

People Also Ask about

How does premium tax work?

The amount of the Premium Tax Credit is generally equal to the premium for the second lowest cost silver plan available through the Marketplace that applies to the members of your coverage family, minus a certain percentage of your household income.

What is the New York State premium tax?

The tax rate on life premiums is . 7%. The tax liability as computed may not be less than 1.5% or more than 2% of taxable premiums. Forms required to be filed along with instructions can be accessed on the New York State Department of Finance and Taxation website.

What is Article 33 of the New York State Tax Law?

You must file and pay the franchise tax on insurance corporations if you are engaged in an insurance business in New York State, or otherwise subject to tax under Article 33, and you are a: life insurance corporation, non-life insurance corporation, or. captive insurance company.

Who qualifies for the New York state property tax credit?

The state Legislature enacted the real property tax credit to help senior citizens and lower- income households cope with their property tax burden. If your gross income is $18,000 or less and you pay $450 or less for rent or own your home, you may qualify for a tax credit.

What are the NY state tax tiers?

New York has nine income tax rates: 4%, 4.5%, 5.25%, 5.5%, 6%, 6.85%, 9.65% 10.3% and 10.9%. The tax rates and brackets below apply to taxable income earned in 2024, which is reported on tax returns that are due April 15, 2025.

Do I have to pay back premium tax credit?

If your income is more than what you told us on your application, you may have to repay some or all of the advanced premium tax credits that you got.

For pdfFiller’s FAQs

What is CT-33.1?

CT-33.1 is a form used by certain corporations in New York State to report their state excise tax obligations.

Who is required to file CT-33.1?

Corporations that are subject to the corporate franchise tax and are engaged in the business of receiving, processing, and disposing of waste in New York State must file CT-33.1.

How to fill out CT-33.1?

CT-33.1 can be filled out by providing necessary financial information, detailing revenue, expenses, and any applicable deductions on the form, following the instructions provided by the New York State Department of Taxation and Finance.

What is the purpose of CT-33.1?

The purpose of CT-33.1 is to ensure compliance with state tax regulations for corporations engaged in waste management and to calculate their tax obligations accordingly.

What information must be reported on CT-33.1?

CT-33.1 requires reporting of gross receipts, taxable income, expenses, and any relevant deductions that may affect the tax liability of the corporation.