New York Governor Kathy Hochul revealed earlier this month that eligible New Yorkers for the Empire State Child Credit or Earned Income Credit should receive relief payments by October 31.
According to the Governor’s Office, claimants that filed for either or both credits are eligible for the money, which comes from a $475million pot.
The checks, which will include one or two payments and a minimum amount of $25 issued, will help New Yorkers struggling through Covid and inflation.
Stimulus update: New York to send $270 checks in coming weeks https://t.co/J5PJXYtIQA
— Washington Examiner (@dcexaminer) September 25, 2022
Earlier this month, Hochul said in a statement: “With this relief package, we’re making good on our commitment to helping hardworking New Yorkers through the nationwide affordability crisis.
“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,” Hochul continued.
The state’s Department of Taxation and Finance revealed that checks would be sent automatically, meaning taxpayers don’t have to take any extra action.
Officials have said that all checks are expected to be issued by October 31 but have warned of potential delays.
This might be the case if the state requests extra information.
New Yorkers do not need to report the payment when they file their 2022 income tax return.
Majority Leader Andrea Stewart-Cousins also spoke out about the extra money.
Cousins said: “We know New Yorkers’ pockets are hurting because of the nationwide affordability crisis, and that is why the Senate Majority enhanced the Earned Income Tax credit and provided a Supplemental Empire State Child Credit to help middle-class and low-income families.
“As the cost of living continues to rise, we are proud to deliver $595 million tax benefits to hardworking New Yorkers.
“The EITC is a powerful tool with a long record of success in reducing childhood poverty and uplifting working families.”
Meanwhile, payments are also being rolled out in Hawaii, benefiting thousands of taxpayers.
Officials in Rhode Island have also acted and are sending automatic rebates to about 115,000 taxpayers.
Additionally, Alaskans will receive a $2,550 payment from the Permanent Fund, which pays residents a dividend of the state’s oil wealth every year.
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