Get the free CT-33.1 - tax ny

This form is used to claim the Certified Capital Company (CAPCO) credit in accordance with New York tax law, detailing the computation of available credits, usage, and recapture information.

How to fill out ct-331 - tax ny

How to fill out CT-33.1

1. Obtain the CT-33.1 form from the official tax website or local tax office.
2. Fill in your personal information, including your name, address, and taxpayer identification number.
3. Provide details about your business, such as its name, type, and any relevant identification numbers.
4. Indicate the period for which you are filing the form.
5. Complete the income and expenses section, ensuring all figures are accurate and supported by documentation.
6. Double-check all entries for completeness and accuracy.
7. Sign and date the form.
8. Submit the completed form to the appropriate tax authority by the designated deadline.

Who needs CT-33.1?

1. Individuals or businesses that are required to report specific income or expenses to the tax authorities.
2. Taxpayers who have made certain types of income that need clarification or additional reporting.
3. Persons applying for specific tax credits or deductions that require this form.

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 tax form used by certain entities in New York State to report their Metropolitan Transportation Authority (MTA) payroll taxes.

Who is required to file CT-33.1?

Employers engaged in business in New York State that are subject to the MTA payroll tax must file CT-33.1.

How to fill out CT-33.1?

To fill out CT-33.1, employers need to provide their business information, calculate the total payroll amounts subject to MTA tax, and report these figures according to the form's instructions.

What is the purpose of CT-33.1?

The purpose of CT-33.1 is to provide a means for businesses to report their payroll expenses and pay the corresponding MTA payroll tax.

What information must be reported on CT-33.1?

CT-33.1 requires reporting of the total wages paid during the period, any applicable credits, and the calculated MTA payroll tax liability.