$1,600 or More Will Be Sent to Eligible Parents in New York, Here are the Qualifications!
Eligible residents in New York could will receive an amount of $1,600 or more if they meet the criteria set by the state.
$1,600 Child Tax Credit In New York Will Be Sent To Eligible Residents. (Photo: Getty)
$1,600 Additional Money for New Yorkers
Eligible residents in New York are set to receive extra Money of $1,600 or more through the Child Tax Credit. It is a federal program that allows taxpayers to collect an amount of $2,000 for every child under the age of 17 but there are states that offer separate CTC.
In a published article in The U.S. Sun, New York currently gives $1,600 in direct payments regardless of the income of the parents. Meanwhile, a bill is now moving to the Senate that aims to increase the amount of Child Tax Credit. If this gets approved, eligible parents will receive an increased CTC.
According to an article published in PIX11, here are the criteria to qualify for the Child Tax Credit in New York:
Be under age 17 at the end of the year
Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (a grandchild, niece or nephew)
Provide no more than half of their own financial support during the year
Have lived with you for more than half the year
Be properly claimed as your dependent on your tax return
Not file a joint return with their spouse for the tax year or file it only to claim a refund of withheld income tax or estimated tax paid
Have been a US citizen, US national, or US resident alien
Furthermore, those who meet all the criteria will receive the whole amount of the 2023 Child Tax Credit.
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