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Earned income credit (EIC): Analysis of credit claims through tax year 2024

These data sets provide statistical information on the following:

 Earned income credit tax year 2021
Credits Tax years covered Data are from returns:
New York State EIC 1994 forward Full-year residents
Full-year nonresidents
Part-year residents
New York City EIC 2004 forward Full-year residents
Part-year residents
New York State noncustodial parent EIC 2006 forward Full-year residents

For information on claiming these credits, see the New York State earned income credit, the Noncustodial parent earned income credit, and the New York City earned income credit.

2024 New York State earned income credit by number of qualifying children

Figure: Earned income credit by number of qualifying children

Tax year 2024 New York State earned income tax credit by number of qualifying children

The image shows New York State earned income credit by number of qualifying children for tax year 2024. For exact credit amounts see the table below.

Table: Earned Income credit by number of qualifying children

Tax year 2024
Filing status Federal credit rate Maximum creditable earnings Federal maximum credit State credit rate State maximum credit City maximum credit Earnings for start of phase-out Phase-out Rate Income cut-off
Married filing joint
Families with 1 child 34.00% $12,390 $4,213 30.00% $1,264 $1,264 $29,640 15.98% $56,004
Families with 2 children 40.00% $17,400 $6,960 30.00% $2,088 $2,088 $29,640 21.06% $62,688
Families with 3 or more children 45.00% $17,400 $7,830 30.00% $2,349 $2,349 $29,640 21.06% $66,819
Workers (over 24 and under 65) without children 7.65% $8,260 $632 30.00% $190 $190 $17,250 7.65% $25,511
All other taxpayers
Families with 1 child 34.00% $12,390 $4,213 30.00% $1,264 $1,264 $22,720 15.98% $49,084
Families with 2 children 40.00% $17,400 $6,960 30.00% $2,088 $2,088 $22,720 21.06% $55,768
Families with 3 or more children 45.00% $17,400 $7,830 30.00% $2,349 $2,349 $22,720 21.06% $59,899
Workers (over 24 and under 65) without children 7.65% $8,260 $632 30.00% $190 $190 $10,330 7.65% $18,591

To see historical data see: New York State earned income credit (Historical parameters).

Updated: