NYC residents: refundable tax credits for you

Last updated:

January 19, 2024

If you live in New York City, you may be eligible for additional refundable tax credits on top of the ones you may have received from the IRS (federal) or New York State (check out New York State refundable credits here)  .

Use this checklist to see how many credits you qualify for!

New York City Earned Income Credit

The New York City Earned Income Credit is available to New York City residents who also qualify for the federal Earned Income Credit (EIC).  The eligibility requirements are the same as for the federal EIC and the New York State EIC.  So if you received the federal EIC you can get another 5% of that credit on your NYC tax return.

New York City Child Care Credit

The New York City Child Care Credit is similar to the federal and New York State Child and Dependent Care Credits but it is only for expenses that were for your kids under the age of 4.  The NYC Child Care Credit has an income limit of $30,000 but can be worth up to 75% of the NYS Child and Dependent Care Credit.

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