NY DTF IT-245 2024-2025 free printable template

This form is to be used by eligible New York State residents who are active volunteer firefighters or ambulance workers to claim a tax credit. It requires identifying information and eligibility criteria to determine qualification for the tax credit.

How to fill out it 245 form 2024-2025

How to fill out NY DTF IT-245

1. Obtain a copy of the NY DTF IT-245 form from the New York State Department of Taxation and Finance website.
2. Fill in your personal information, including your name, address, and Social Security number.
3. Indicate the tax year for which you are filing the form.
4. Provide details about your income sources and any taxable distributions.
5. Include any relevant tax credits or deductions you are claiming.
6. Review your information for accuracy before signing the form.
7. Submit the completed form either electronically or by mail according to the instructions provided.

Who needs NY DTF IT-245?

1. Individuals who receive certain types of income and are eligible to claim a tax credit for taxes paid to other jurisdictions.
2. Taxpayers who are filing for a refund based on credit for taxes paid to a different state.
3. Residents of New York who have incurred taxes in other states and wish to mitigate their tax liability.

People Also Ask about

Are there any benefits to being a firefighter?

Benefits firefighters can receive include health and dental insurance coverage and disability payments should they be injured on the job. If they belong to labor unions, firefighters can also receive job security and negotiated wages.

Are volunteer firefighters allowed to leave work for a call in NY?

Volunteers are not excused from work for routine responses, such as individual fires. Volunteer firefighters and EMS workers must have provided their employers with written documentation detailing their membership in a fire department or volunteer ambulance corps.

Do you have to pull over for blue lights in New York State?

On Parkways and other controlled access highways with multiple lanes, when approaching an emergency vehicle that displays red or any combination of red, white or blue emergency lighting, or a hazard vehicle displaying flashing amber lighting, or a vehicle displaying blue or green lighting, drivers must move from the

Are firefighter pensions good?

The majority of states require firefighters to reach fifty-five with at least twenty-five years of active service to receive their defined benefits once they retire. The standard retirement benefit that a firefighter will receive monthly is about half of what the firefighter's base pay was while actively working.

What benefits do volunteer firefighters get in NY?

Volunteer firefighters enjoy tangible benefits, including free training and equipment, tax breaks and essential insurance coverage under the Volunteer Firefighter Benefits Law (VFBL) of New York State. Young volunteers can earn scholarships and tuition reimbursement for college.

Do NY volunteer firefighters get paid?

Volunteer firefighters freely volunteer their efforts as a way of serving and giving back to their community. They often do not receive monetary compensation from the fire department.

Does New York have volunteer firefighters?

The volunteer fire service isn't just a calling, it's a legacy that reaches back to the Volunteer Fire Department of the City of New York. In the centuries since, the volunteer fire service of the State of New York has become a community of first responders ready for any emergency.

Do you have to pull over for volunteer firefighters in NY?

ALBANY, N.Y. (WIVB) — New York's “Move-Over” law has been expanded. After Gov. Andrew Cuomo signed new legislation in 2016, the law now require drivers to slow down and move over a lane when volunteer firefighter vehicles or ambulances with green and blue flashing lights are headed toward an emergency.

Do volunteer firefighters get a pension in NY?

S8692 (ACTIVE) - Sponsor Memo amends the retirement and social security law by adding a new article 20-a which provides members of the volunteer fire service with the opportunity to earn credit in the state pension system.

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What is NY DTF IT-245?

NY DTF IT-245 is a tax form used for claiming a credit for taxes paid by New York State taxpayers. It is specifically related to the investment tax credit.

Who is required to file NY DTF IT-245?

Taxpayers who have made qualified investments in certain property or who are claiming a credit related to those investments are required to file NY DTF IT-245.

How to fill out NY DTF IT-245?

To fill out NY DTF IT-245, taxpayers should provide their personal information, details of the qualified investments, calculate the credit amount, and include any necessary schedules or additional documentation that support the claim.

What is the purpose of NY DTF IT-245?

The purpose of NY DTF IT-245 is to allow taxpayers to claim a credit for qualifying investments, thereby reducing their overall tax liability.

What information must be reported on NY DTF IT-245?

Information that must be reported on NY DTF IT-245 includes taxpayer identification details, descriptions of the qualified property, the amount of investment, and calculations for the tax credit being claimed.