Sandra G. Johnson, CPA, P.C.

New York State Tax Credits

There are many state tax credits available in New York, many that you may have never heard about.  We thought we would highlight just a few that you may not be aware of:

Clean Heating Fuel Credit – You may be entitled to this refundable credit if you or your business purchased bioheating fuel to be used for space heating or hot water production for residential purposes within NYS.  The credit is equal to one cent for each percent of biodiesel per gallon of bioheating fuel purchased before 1/1/2020.

Volunteer Firefighters’ and Ambulance Workers’ Credit – You may be entitled to claim this credit if you were an active volunteer firefighter or volunteer ambulance worker for all of the tax year and you were a resident of NYS for all of the tax year.  The credit amount is $200.

Automated External Defibrillator Credit – You may be entitled to this nonrefundable credit if you or your business purchased an automated external defibrillator(s) during the tax year.  The credit is equal to the purchase cost of the unit, or $500, whichever is less. 

Nursing Home Assessment Credit – You may be entitled to this refundable credit if you paid the nursing home assessment imposed on a NYS nursing home.  You can find the amount of this assessment on the billing statement from the nursing home.  The assessment amount is not the amount of expenses paid.  The credit is equal to the 6% base-rate portion of the assessment that you directly paid during the year. 

If you think you may be entitled to any of these credits, contact our office immediately for a free consultation at 516-409-1120. 

Sandra G. Johnson, CPA, EA, CFE