Governor Hochul announced on Tuesday that $350 million in supplemental payments will be made to eligible New York families to defray the cost of living expenses.

According to the Governor's office, the additional payments will be made to over 1 million New York families through the Empire State Child Credit Program. No action is needed to receive the benefit.

Mike Groll/Office of Governor Ka
Mike Groll/Office of Governor Ka
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Governor Hochul said, “We’re putting money back in the pockets of more than a million New Yorkers because this administration delivers for working families."

What Is the Empire State Tax Credit?

"The Empire State Tax Credit is a refundable tax credit for income-qualified New Yorkers with children," according to the Governor's office. The refund is determined and delivered through yearly tax returns, and the supplemental benefit announced Tuesday will be an additional direct payment to New York families who received the Empire Tax Credit on their 2023 tax returns.

Eligibility For The Additional $330 Child Tax Credit

The Governor's office says "... each eligible family will receive a direct payment of up to $330 per child..." in addition to the credit already received for the 2023 tax year. The additional credit will range from 25 to 100% of that 2023 credit based on the following criteria:

  • You received at least $100 for 2023 Empire State Tax Credit
  • Based on the line 19 income amount on your tax return you will receive:
    • Less than $10,000 - 100% of the 2023 Credit You Received
    • $10,000 - $25,000 -  75% of the 2023 Credit You Received
    • $25,000 - $50,000 -  50% of the 2023 Credit You Received
    • $50,000 - N/A -  25% of the 2023 Credit You Received

When Will New Yorkers Receive These Payments?

According to the New York State Department of Taxation and Finance, checks will be mailed out starting in August. You can learn more about eligibility for these direct payments here.

See The 10 States With The Highest Tax Burden

We can count on two things in life. Death and taxes.

In the state of New York, we can count on those taxes being high. But how high is our tax burden in the Empire State versus other states?

Wallethub recently ranked each of the 50 states based on overall tax burden which they define as "...the proportion of total personal income that residents pay toward state and local taxes." These rankings base that ax burden number on property, income, and sales taxes.

Here are the top 10 states from those rankings, And, yes, no surprise - New York made the list. But are we that bad off? See where New York ranks!

Gallery Credit: Matty Jeff