Assemblyman Phil Goldfeder (D-Howard Beach) is urging all residents to take advantage of the many New York State tax credit opportunities and claim tax breaks that could potentially help individual households save thousands of dollars.
“Too many working families miss out on savings because they fail to claim several federal and state tax credits that are available to them,” Goldfeder said. “These tax credits are important to keep our communities affordable and are intended to provide our families with much-needed tax relief.”
Programs that households may qualify for include, the Empire State Child Credit, a refundable tax credit worth up to $330 per child for ages 4-16; the Child and Dependent Care Credit, a tax credit for working parents who pay for child care based on sliding scale depending on income and the number of dependents; the federal Child Tax Credit, a partially refundable tax credit of up to $1,000 per child; the Real Property Tax Credit, a refundable tax credit worth up to $375 for eligible homeowners and renters; and the New York City Tax Credit, a refundable tax credit of up to $125 for qualifying taxpayers.
Additionally, tax preparation assistance is available for the elderly through the Tax Counseling for the Elderly (TCE) program, which helps people age 60 and older with their tax returns at no cost. To find the nearest VITA or TCE site, call (800) 906-9887 or visit www.irs.gov/Individuals/Find-a-Location-for-Free-Tax-Prep.
For information or questions on New York State taxes, visit www.tax.ny.gov or call Goldfeder’s office at (718) 945-9550 or email GoldfederP@assembly.state.ny.us.