New York Begins $350 Million Child Tax Credit Payments to Over 1 Million Families: What to Know
According to CBS News, New York has started sending out checks as part of a $350 million program to help families with the Empire State Child Tax Credit. The state began mailing the first round of payments on Monday and will continue to send out more than 10,000 checks each day for the next two weeks. By the end of the month, over one million families could receive up to $330 per child.
Governor Kathy Hochul emphasized that these payments are meant to provide financial relief as families prepare for back-to-school expenses. If you qualified for the Child Tax Credit in 2023 and filed your taxes on time, you will automatically receive this payment without needing to apply. The program is focused on helping low- and moderate-income families.
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$350 Million Empire State Child Tax Credit: New York Sends Out $330 Checks to Over 1 Million Eligible Families (PHOTO: CBS News)
New York’s Empire State Child Tax Credit Payments: Receive 25% to 100% of Last Year’s Credit to Help with Living Costs
The amount of the payment will vary, ranging from 25% to 100% of the Child Tax Credit you received last year. This initiative aims to support families who might be struggling with the cost of living, reflecting New York’s effort to assist those in need.
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