Skip Banner
New York City credits

New York City child and dependent care credit

You are entitled to this refundable credit if:

  • you were a full-year or part-year New York City resident,
  • you paid child-care expenses for at least one child who was under age four on December 31,
  • your federal adjusted gross income was $30,000 or less, and
  • you qualified to claim the New York State child and dependent care credit. (You may claim both state and city credits.)

How much is the credit?

  • The credit can be as much as 75% of the New York State credit.

For additional information on claiming this credit, see Form IT-216, Claim for Child and Dependent Care Credit, and its instructions.


New York City earned income credit

You are entitled to this refundable credit if you:

  • are a New York City full-year resident or New York City part-year resident, and
  • claimed the federal earned income credit.

This credit is in addition to the New York State earned income credit.

How much is the credit?

  • The credit can be as much as 5% of your allowable federal earned income credit.
  • Note: part-year residents, the amount of the credit depends on your income subject to New York City tax.

For additional information on claiming this credit, see Form IT-215, Claim for Earned Income Credit, and its instructions.


New York City household credit

You are entitled to this non-refundable credit if you:

  • cannot be claimed as a dependent on another taxpayer's federal income tax return,
  • are a resident or part-year resident of New York City, and
  • meet the income limitations for your filing status below:  
Filing status Federal adjusted gross income  Credit amount
Single $12,500 or less up to $15
  • Married filing jointly
  • Head of household with qualifying person
  • Qualifying widow(er) with dependent child
$22,500 or less $10 to $30, plus $10 to $30 more per additional exemption claimed on your federal return
Married Filing Separately See instructions for your income tax form

How to claim this credit

Full-year New York City residents claim this credit directly on their income tax return. Part-year New York City residents must complete Form IT-360.1, Change of City Resident Status and attach it to their return.


New York City school tax credit

You are entitled to this refundable credit if you:

  • are a New York City resident or part-year resident, and
  • cannot be claimed as a dependent on another taxpayer's federal income tax return.

How much is the credit?

  • Married persons filing a joint return and qualifying widow(er) with a dependent child - up to $125
  • All other taxpayers - up to $63

How to claim this credit

 


New York City enhanced real property tax credit

You are entitled to this refundable credit if you:

  • had household gross income less than $200,000, 
  • occupied the same New York City residence for six months or more,
  • were a New York City resident for the entire tax year
  • could not be claimed as a dependent on another taxpayer's federal income tax return,
  • had a residence that was not completely exempted from real property taxes, and
  • must meet the conditions as a homeowner or renter below:
    • As a homeowner, you or your spouse paid real property taxes and any rent you received for nonresidential use of your residence was 20% or less of the total rent received.
    • As a renter, you or a member of your household paid rent for your residence.

How much is the credit?

  • The credit can be as much as $500.

How  to claim the credit

  • If you file a New York State personal income tax return, claim this credit on your return by filing Form NYC-208 with your return.
  • If you are not required to file a New York State income tax return, you may still claim this credit.

For additional information on claiming this credit, see Form NYC-208, Claim for New York City Enhanced Real Property Tax Credit, and its instructions.

Updated: December 17, 2014