New York Is Sending Out $300 Direct Payments: Here’s Who Qualifies

New York will be sending $300 direct payments to families throughout August, Governor Kathy Hochul announced last week. More than a million families are estimated to benefit from the extra payments, which are worth up to $330 per child. The money is being sent via the Empire State Child Credit, which will be providing roughly
New York Is Sending Out $300 Direct Payments: Here’s Who Qualifies

New York will be sending $300 direct payments to families throughout August, Governor Kathy Hochul announced last week.

More than a million families are estimated to benefit from the extra payments, which are worth up to $330 per child.

The money is being sent via the Empire State Child Credit, which will be providing roughly $350 million to needy families this month.

The money is available to low- and moderate-income families, and no application is necessary, Hochul said.

Previously, Hochul has worked to address the cost of living in New York, offering $2.6 billion in supplemental payments back to New Yorkers since 2022. The state also recently set up a digital portal to help residents get financial help for childcare costs.

Much of the $2.6 billion that went back to New Yorkers came via the 2022 homeowner tax rebate credit, the 2022 supplemental Earned Income Tax Credit as well as previous Empire State Child Credit payments.

“We’re putting money back in the pockets of more than a million New Yorkers because this administration delivers for working families,” Hochul said in a statement. “Our work is far from over. From expanding tax credits to increasing access to child care assistance, I’ll never stop fighting to address the cost of living for working parents and help them create a brighter future for their kids.”

Last year, the Empire State Child Credit was expanded to include children under four, which meant an additional 600,000 children would be supported by the child credit.

New York taxpayers who qualify for the supplemental payment will not have to do anything to get the money. As long as you received an Empire State Child Credit of at least $100 on your 2023 state tax return, you’ll see another check in the mail.

The state said it would be sending the child credit payment in the first week of August and continue distributing the cash for the next several weeks.

“I am proud that under my leadership the Senate Majority has proudly fought to make childcare more affordable for working families, including expanding the childcare assistance program to expand income eligibility, making more families eligible for the program, and supporting families with the greatest need,” State Senate Majority Leader Andrea Stewart-Cousins said in a statement.

“The one-time supplemental payments under the Empire State Child Tax Credit Program will be life changing for families across our state, and comes at such a vital time when so many are struggling with the high cost of living.”

The exact amount you’ll receive depends on your federal adjusted gross income. Families earning below $10,000 will see a payment worth their child tax credit amount, while those who make more will see at least 25 percent of that amount.

Governors Wes Moore of Maryland, Kathy Hochul of New York and Tim Walz of Minnesota speak to reporters after a meeting with U.S. President Joe Biden at the White House on July 03, 2024, in… Anna Moneymaker/Getty Images

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