StateOTDA Home Resources for Working Families Tax Credits
Tax Credits
Information on the following tax credit programs: The Federal, New York State and New York City Earned Income Tax Credits (EITCs), the New York State Noncustodial Parent Earned Income Tax Credit, the Federal Child Tax Credits, the New York State Empire State Tax Credit, as well as the Federal, New York State and New York City Child and Dependent Care Tax Credits.
- myBenefits
- Find out about a number of work support programs that you may be eligible for by quickly entering some basic information about you and your family.
- Earned Income Tax Credits
- The Federal, State and New York City Earned Income Tax Credits are refundable tax benefits for working people with low or moderate incomes.
- New York State Noncustodial Parent Earned Income Tax Credit
- This Earned Income Tax Credit is just one of a number of New York State initiatives to address the needs of young, low-income working parents in an attempt to help them become more involved in the economic and social well-being of their children.
- Child Tax Credits
- The Federal Child Tax Credit is a tax benefit offered by the federal government for taxpayers raising dependent children under the age of 17. New York’s Empire State Child Tax Credit is a refundable credit for full-year New York State residents with children who qualify for the Federal Child Tax Credit and are at least four years of age.
- Child and Dependent Care Tax Credits
- The Federal Child and Dependent Care Credit is a tax benefit offered by the federal government. New York State and New York City also offer a Child and Dependent Care Credit that helps more low-income families because, unlike the federal credit, it is refundable.
- New York State College Tuition Credit and College Tuition Itemized Deduction
- These benefits are available to full-year New York State residents who paid qualified college tuition expenses to an institution of higher education on their own behalf or on behalf of an eligible student.
- Federal Education Tax Credits
- Federal tax credits to help pay for higher education: the American Opportunity Credit (formerly the Hope Credit) and the Lifetime Learning Credit.
- Solar Energy System Equipment Credit
- The non-refundable Solar Energy System Equipment Credit allows a credit for the purchase and installation of an eligible solar energy system.
- Real Property Tax Credit for Homeowners and Renters
- New York offers a refundable property tax credit designed to assist low and moderate income taxpayers, particularly the elderly, to offset property tax costs by allowing a credit against their personal income tax liability for a portion of these costs.