Earned income credit in New York
Varies
Does New York Have an Earned Income Tax Credit?
Short answer: Yes: New York offers the New York State Earned Income Credit, 30% of the federal EITC, reduced by any household credit (refundable). Fully refundable for full-year residents, partially refundable for part-year residents, nonrefundable for nonresidents. Valid SSNs required. Noncustodial parents paying child support can claim an alternative credit instead. New York City residents get a separate city EITC on top.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in New York
Varies
Individuals / Personal Taxes
Yes: New York offers the New York State Earned Income Credit, 30% of the federal EITC, reduced by any household credit (refundable). Fully refundable for full-year residents, partially refundable for part-year residents, nonrefundable for nonresidents. Valid SSNs required. Noncustodial parents paying child support can claim an alternative credit instead. New York City residents get a separate city EITC on top.
Business justification
Yes: New York offers the New York State Earned Income Credit, 30% of the federal EITC, reduced by any household credit (refundable). Fully refundable for full-year residents, partially refundable for part-year residents, nonrefundable for nonresidents. Valid SSNs required. Noncustodial parents paying child support can claim an alternative credit instead. New York City residents get a separate city EITC on top. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions