City Life Org – Taxpayers who can claim valuable tax credits

Free Tax Filing Software Helps Eligible Taxpayers Claim Valuable Tax Credits

Nearly 255,000 taxpayers filed tax returns for free last year through the NYS Department of Taxation website, saving $51 million in preparation costs

Governor Kathy Hochul today encouraged New Yorkers to take advantage of Free File software, which can help millions of taxpayers claim valuable tax credits without having to hire a paid tax preparer. The software allows you to save money and put money directly in your pocket by ensuring you claim the credits you deserve, including Earned Income Tax Credit (EITC).

“As a result of the pandemic, many working families have faced increased financial burdens, and I want to make sure that all New Yorkers take advantage of the tax benefits available to them,” Governor Hochul said. “The Free File program can help individuals claim all the tax credits they deserve while saving them hundreds of dollars in tax preparation costs. Earned income tax credits can total nearly $9,100, increasing purchasing power for those who need it most as we continue to rebuild and recover from COVID-19.

Acting New York State Tax and Finance Commissioner Amanda Hiller said“I encourage all eligible taxpayers to take advantage of Free File – a safe and efficient way to file and realize significant savings – and valuable tax credits like the Earned Income Tax Credit. These can be a financial lifeline for working families, especially those coping with the impact of the pandemic.

Earned income tax credits can reach $9,083 for a family with three or more children

The EITC is a refundable credit for working taxpayers who earn less than $57,414. This means you get a refund even if the credit amount is more than what you owe in taxes.

In 2019, nearly 1.64 million New Yorkers received the federal EITC, claiming more than $4.8 billion in federal, New York State, and New York City EITCs. Unfortunately, federal estimates show nearly 350,000 eligible New Yorkers may not claim the credit.

Each year, thousands of New Yorkers qualify for the EITC for the first time as their filing status or personal financial situation changes. Eligibility requirements for the Earned Income Credit (New York State) are explained on the Department of Taxation’s website.

More information on federal, state, and local earned income tax credits, including the value of credits available, is available here.

Make sure you claim the credits you deserve

You must file a personal income tax return to receive the credit, even if you owe no tax. E-filing is the easiest way to file your return and the fastest way to receive your refund.

Most New Yorkers can file using the Free File software, available for free on the Department of Taxation’s website. If your 2021 household income is $73,000 or less, you can file your federal and New York State returns for free through the Department of Taxation website using Free File. Nearly 255,000 taxpayers used this software last year, saving them $51 million in tax preparation costs.

When you are ready to file, gather your information and documentation. If you received unemployment compensation, request your Form 1099-G from the Department of Labor. Be sure to include the full amount on your New York State personal income tax return.

Also ask for direct deposit, it’s the easiest and fastest way to get your refund.

The deadline to submit a completed personal income tax return is Friday, April 15, 2022.

After depositing

Check the status of your refund at your convenience! Get the most up-to-date information about your refund and return: use our online tool Check your refund status.

Free tax filing software is available in multiple languages

spanish |中文版 | Русская версия | বাঙালি | Ayisyen Kreyòl | 한국어 | יידיש

You are not eligible for the free file? Learn more about other electronic file options.

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