Families of four earning less than $80,000 a year and single-tax filers earning less than $55,000 are eligible for the credit.
Make your contribution now and help Gothamist thrive in 2023.With tax season underway, Mayor Eric Adams is seeking to get the word out about a little-known tax credit program that was expanded last year for the first time in nearly two decades, marking one of his key policy achievements for low-income New Yorkers.
The program is federally run, but both the state and city can chip in additional money for eligible recipients. The increase in the benefit will be sizable. As an example, city officials said that a single parent with one child and an annual income of $14,750 or less will see their EITC benefit rise from $187 to $933, a 400% increase.
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