NY Additional Child Credit Payments

Beginning in August 2024, New York State will mail checks to taxpayers who claimed the Empire State child credit on their 2023 New York personal income tax returns.

The payments represent a supplemental credit for the 2023 tax year and are a one-time payment that is scheduled to occur only during 2024. The checks will generally be 25% of the amount of the allowable Empire State child credit claimed on 2023 returns. This percentage will be higher for taxpayers who had federal adjusted gross income of $50,000 or less for the 2023 tax year.

We will discuss this and other New York tax changes for the 2024 and 2025 tax years in our upcoming seminars in December and January. If you are not already registered, register here, so you’ll be fully prepared!