New Yorkers might be in for a pleasant surprise with the upcoming Additional Empire State Child Credit Payments in August 2024. This initiative, as part of the 2024-2025 New York State Budget, aims to provide financial relief to eligible families by offering extra payments based on the Empire State Child Credit. Here’s what you need to know to check if you qualify for these payments.
Eligibility
The best part about the Additional Empire State Child Credit Payment is that eligible recipients don’t have to lift a finger to receive this benefit. The New York State Department of Taxation and Finance (DTF) will automatically determine who qualifies and send checks directly to eligible taxpayers. There’s no need to apply separately for this payment, making the process straightforward and hassle-free.
Eligibility Criteria
To determine if you’re eligible for this additional payment, consider the following key points:
- 2023 Empire State Child Credit: First, check if you received at least $100 for the Empire State Child Credit in your 2023 tax return. This credit is typically claimed by filing Form IT-201, the New York State income tax return.
- Tax Filing Status: You must have filed your 2023 New York State income tax return by the deadline of April 15, 2024, or have a valid extension in place. This ensures that the DTF has the necessary information to calculate your additional payment.
Payment Details
The DTF will begin issuing these payments in August 2024. However, the timing of when you receive your check can vary, as it depends on when your tax return was processed. Since there’s no specific delivery schedule, it’s essential to keep an eye on your mailbox throughout the month.
The checks will resemble standard tax refund checks, so watch for any official-looking mail. The DTF advises against contacting their Contact Center to inquire about your payment’s status, as they don’t have detailed tracking information available.
Amount
The amount you’ll receive as an Additional Empire State Child Credit Payment is tied to your 2023 Empire State Child Credit. Specifically, you can expect to receive between 25% and 100% of the amount you got in 2023. The exact percentage will depend on your income, with lower-income families typically receiving a higher percentage.
For detailed information on how the amount is calculated, or to verify specifics, you can visit the official DTF website: NY DTF Empire State Child Credit Payments.
What Should You Do Next?
If you meet the eligibility criteria mentioned above, there’s nothing more you need to do. Simply wait for your check to arrive in August 2024. If you haven’t received your payment by the end of August and believe you’re eligible, it may be worth revisiting your tax filings or consulting with a tax professional.
FAQs
How do I qualify for the Additional Empire State Child Credit Payment?
You must have received at least $100 from the 2023 Empire State Child Credit.
Do I need to apply for the Additional Empire State Child Credit Payment?
No, the payment will be automatically calculated and sent by the DTF.
When will I receive the payment?
Payments will begin in August 2024 and continue until all returns are processed.
How much will I receive from the Additional Empire State Child Credit?
You’ll receive between 25% and 100% of your 2023 Empire State Child Credit amount.
What if I haven’t received my payment by August 2024?
If you meet the criteria, wait until the end of August, then consider checking with the DTF or a tax professional.