If you’re a New York parent, it’s time to check your mailbox. The state has begun mailing out supplemental child tax credit payments as part of a $350 million initiative aimed at providing financial relief to low- and moderate-income families. Eligible families could see a check arrive as early as this week, offering timely support as the school year approaches.
Relief for School Expenses
With the school season just around the corner, the timing of these payments couldn’t be better. Governor Kathy Hochul highlighted the initiative’s purpose: “As New Yorkers get started with back-to-school shopping for their kids, we’re putting some money back in their pockets.” This financial aid is designed to ease the burden of school-related expenses, from supplies to clothing, ensuring that parents have one less thing to worry about.
Who’s Eligible?
The eligibility criteria for these supplemental payments are straightforward. If you qualified for the Empire State Child Tax Credit on your 2023 tax return, you’re automatically eligible for this additional payment. There’s no need to fill out extra forms or apply separately. The state is ensuring that the funds reach those who need them most, using the following income guidelines:
- Married couples: Earning $110,000 or less annually
- Single parents: Earning $75,000 or less annually
- Married couples filing separately: Earning $55,000 or less annually
These thresholds ensure that the payments target low- and moderate-income families, providing crucial support where it’s most needed.
| Filing Status | Income Limit |
|---|---|
| Married Couples | $110,000 or less |
| Single Parents | $75,000 or less |
| Married Filing Separately | $55,000 or less |
Payment Details
The amount of each check will vary depending on your income and the amount of the child tax credit you received last year. Payments will range from 25% to 100% of your previous credit, with the maximum payment reaching up to $330 per eligible child.
This means that if you have one child and received the maximum credit last year, you could be receiving a check for $330. For families with multiple children, the total amount could be even higher, offering a significant financial boost.
Check Distribution
The state began mailing the first round of checks last Monday, with more than 10,000 checks being sent out daily. By the end of the month, over one million eligible families across New York will have received their payments. The efficient distribution process ensures that families won’t have to wait long for this much-needed relief.
What You Need to Know
These supplemental payments are automatic, so there’s no need for eligible families to take any additional steps. If you qualified for the Empire State Child Tax Credit on your 2023 state tax return, your check is on its way. The state’s commitment to getting these funds out quickly underscores its dedication to supporting working parents, especially as the cost of living continues to rise.
Governor Hochul and the New York State Department of Taxation and Finance are working tirelessly to ensure these payments reach every eligible New Yorker. The initiative is part of a broader effort to make life a little easier for families during these challenging economic times.
So, keep an eye on your mailbox! This initiative is a positive step toward alleviating financial stress for families across the state, just in time for the back-to-school season.
FAQs
How much will eligible families receive?
Up to $330 per child, depending on last year’s child tax credit.
When should families expect the check?
Checks are being mailed daily and should arrive by the end of the month.
Do families need to apply for the payment?
No, payments are automatic based on 2023 tax returns.
What is the income limit for single parents?
Single parents with an annual income of $75,000 or less are eligible.
How many checks are being sent out daily?
Over 10,000 checks are mailed each day.
