Expanded Earned Income Tax Credit (EITC)

Thanks to Mayor Eric Adams, the City Council and New York State, there is a new, expanded earned income tax credit for the first time in 25 years. See if you qualify for cash back!

Learn about the Earned Income Tax Credit (EITC) and how to claim

What is the Earned Income Tax Credit (EITC)?

The EITC is a federal, state, and New York City tax credit for qualifying families, noncustodial parents, and individuals who work full time or part time or are self-employed. On average, most eligible New Yorkers receive $2,400 in combined EITC benefits. The combined credit can be worth up to $11,000.

New York City Earned Income Tax Credit

Thanks to Mayor Adams support, for tax year 2022, the New York City EITC is increasing, shifting from a 5% cap of federal EITC levels to 10% to 30% depending on filers' income. Like the New York State EITC, this credit is based on your recomputed federal adjusted gross income
(FAGI) – a different calculation than used for the federal credit. For more information, visit New York State Department of Taxation and Finance.

Learn more about the different types of credit that are available to qualifying New Yorkers.

Steps to claim your credit.

 

EITC qualification

If you haven't filed your taxes yet for 2022 and if any of the below apply to you and your family, you might qualify for EITC.

 

Find more information on qualification requirements, how to file and claim your credit!