ALBANY, N.Y. (WENY) – New York will be providing $475 million dollars in tax relief for close to 1.8 million low income individuals and families.
This comes as part of the state’s ongoing effort to combat inflation and improve affordability. The state will soon begin sending direct financial assistance to New Yorkers who received the Empire State Child Credit or the Earned Income Credit on their 2021 state tax returns.
The program will provide an average payment of $270 per eligible recipient.
“With this relief package, we’re making good on our commitment to helping hardworking New Yorkers through the nationwide affordability crisis,” Governor Hochul said. “This program will put money back in the pockets of nearly two million New York families struggling to make ends meet in the face of the pandemic, inflation, and other rising costs. My administration remains laser-focused on improving affordability statewide, and I thank the Legislature for its partnership in ensuring that New York families get this much-needed financial assistance.”
New Yorkers can expect to receive their checks by the end of October.