The New York State’s Department of Taxation and Finance has announced that the 2024-2025 NY State Budget provides eligible citizens with additional payments. This additional payment for eligible taxpayers is based on the Empire State Child Credit.
Actually, the best thing about this Additional Empire State Child Credit Payment is the fact that those who are eligible do not have to do anything about it. So, there is no need to apply for this extra money.
Additional Empire State Child Credit Payment
The Department of Taxation and Finance in the State of New York claims that they will automatically work out the amount you are entitled to and they will send eligible taxpayers a check for you to cash.
If you have not received yet, you can check your eligibility for the Additional Empire State Child Credit Payment. Pay close attention to the tax year 2023 and check if you received a minimum of $100 for the NY State Empire State Child Credit.
Secondly, it is essential you filed Form IT-201, that is, New York State income tax return, by April 15, 2024. If not, you must have a valid extension of time to file for the New York State income tax return.
Additional Empire State Child Credit Payment and Possible Amount
According to the DTF from NY State, they will begin sending checks by mail in August 2024. Therefore, they will carry on sending checks until they finish processing returns. Bear in mind that not every files on the same date.
It is essential that you check your mailbox for a check similar to the one in the featured image on the front page. Unfortunately, the Department of Taxation and Finance cannot give taxpayers a specific delivery schedule. What is more, you should not call the Contact Center to sort this out because they do not have further information.
For your information, the amount of your Additional Empire State Child Credit Payment will be based on your 2023 Empire State Child Credit. So, it is from 25% to 100% of the amount you got in 2023. It will depend on your income. Visit the official website for more details: https://www.tax.ny.gov/pit/empire-child-credit-payments.htm