$350 Million Boost for New York Families: $330 per Child for School Readiness Expenses

Governor Kathy Hochul announced a $350 million allocation through the Empire State Child Tax Credit.

New York Families to Receive $350 Million in Empire State Child Tax Credit: Up to $330 per Child for School Readiness Expenses

Governor Kathy Hochul has announced a big plan to help New York families by giving them $350 million through the Empire State Child Tax Credit. By the end of August, about 1 million families with children will get a check in the mail, with up to $330 for each child. This extra money is meant to help families with the costs of getting ready for school.

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(photo: NYC Comptroller’s – NYC.gov)

New York Families to Receive One-Time Back-to-School Payment

Kate Breslin, President of the Schuyler Center for Analysis and Advocacy explained that this credit is for families with kids under 17. If a family’s income is over $110,000, they start to lose part of the credit and it completely fades out if income goes up by another $10,000. The amount of money each family gets will depend on how much credit they received last year and they had to file their state tax return by April 15, 2024.

Governor Hochul stressed that families won’t need to do anything to get this payment; it will come automatically. Breslin noted that this money comes at a perfect time for families who need help with back-to-school costs. This payment is a special one-time benefit for this year to provide quick financial help, according to the report of News 10.

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