New York Tax Department Urges Individual Income Taxpayers to Claim Earned Income Tax Credits

The New York Department of Taxation and Finance urged New Yorkers to take advantage of valuable individual income tax credits, highlighting National Earned Income Tax Credit (EITC) Awareness Day. The EITC is a refundable credit for eligible taxpayers earning less than $66,819. The credit amount depends on a taxpayer’s income and number of children. Combined federal, New York State, and New York City EITCs can be worth up to $12,528 for a family with three or more qualifying children. Taxpayers must file tax returns to receive the credit, and free filing options may be available. [N.Y. Dept. of Tax’n. and ...