$475 million in tax relief to be distributed to low-income New Yorkers to combat inflation

SYRACUSE, N.Y. — New York State Governor Kathy Hochul, along with legislative leaders, announced $475 million in tax relief for eligible, low-income New Yorkers and families as part of the state’s ongoing effort to combat inflation and improve affordability.

Following the announcement, the New York Department of Taxation and Finance will soon begin sending direct financial assistance to 1.75 million New Yorkers who received the Empire State Child Credit and/or the Earned Income Credit on their 2021 state tax returns.

New Yorkers can expect to receive their checks by the end of October, according to the governor.

“With this relief package, we’re making good on our commitment to helping hardworking New Yorkers through the nationwide affordability crisis,” Gov. 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."

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The governor and members of the state legislature approved the additional NYS Child and Earned Income Tax Payment as part of the 2023 budget.

The program will provide an average payment of $270 per eligible recipient.

Eligible New Yorkers do not need to take any action to receive their checks as they will be mailed automatically.

New Yorkers who recently moved should update their addresses with the Department of Taxation and Finance to prevent delays in receiving their additional checks.

New Yorkers can update their addresses or find more information online HERE.