New York Gov. Issues New Child Tax Credit for Low-income Families

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In an effort to reduce prices and battle inflation,

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Millions of dollars in tax relief have been announced by New York lawmakers.

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Residents who received the Empire State Child Credit or the Earned Income Credit on their tax returns for 2021

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will get this new stimulus payment from New York.

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About two million eligible New Yorkers might get a $270 payment through the scheme.

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Governor Kathy Hochul announced on Thursday that $475 million had been set aside

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to give eligible New Yorkers a one-time child credit.

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The new stimulus payment from New York will be sent to taxpayers

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who are eligible for the Empire State Child Credit, the Earned Income Credit of at least $100, or both.

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