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• New York City child and dependent care credit
• New York City earned income credit
• New York City household credit
• New York City school tax credit

New York City child and dependent care credit

• you were a full-year or part-year New York City resident for 2007, and
• you paid child-care expenses for at least one child who was under age four on December 31, 2007, and
• your federal adjusted gross income was $30,000 or less, and
• you qualified to claim the New York State child and dependent care credit. (You may claim both state and city credits.)

• The credit can be as much as 75% of the New York State credit.
• If the amount of your credit is more than the amount of New York City tax that you owe, you can claim a refund.

Complete IT-216, Claim for Child and Dependent Care Credit, and file it with your New York State personal income tax return. You cannot file Form IT-216 separately. If you have already filed your 2007 return, you must file an amended return and attach Form IT-216 to claim the credit.

New York City earned income credit

• are a New York City full-year resident or New York City part-year resident, and
• claimed the federal earned income credit, and
• have investment income of $2,900 or less.

This credit is in addition to the New York State earned income credit.

• Full-year NYC residents: for tax year 2007, the credit is 5% of your allowable federal earned income credit.
• Part-year NYC residents: the amount of the credit depends on your income subject to New York City tax.

If the amount of your New York City earned income credit is more than the amount of New York City tax that you owe, you can claim a refund.

Complete Form IT-215, Claim for Earned Income Credit and file it with your New York State personal income tax return. You cannot file Form IT-215 separately. If you have already filed your 2007 return, you must file an amended return and attach Form IT-215 to claim the New York City earned income credit.

New York City household credit

• cannot be claimed as a dependent on another taxpayer’s federal income tax return, and
• are a resident or part-year resident of New York City, and
• meet the following income requirements below:

You can only apply this credit to your New York City personal income tax. It is not refundable and you cannot carry it forward to future years.

Full-year New York City residents claim this credit directly on their income tax return. Part-year New York City residents must complete Form IT-360.1, Change of City Resident Status and attach it to IT-203, Nonresident and Part-Year Resident Income Tax Return.

New York City school tax credit

• You are a New York City resident or part-year resident who cannot be claimed as a dependent on another taxpayer’s federal income tax return.

• Married persons filing a joint return and qualifying widow(er) with a dependent child - up to $290
• All other taxpayers - up to $145.

If the amount of your New York City school tax credit is more than the amount of New York City tax that you owe, we will issue you a refund.

If you file a New York State personal income tax return, you must claim this credit directly on your return.

If you are not required to file a New York State income tax return you may still claim this credit. See, Form NYC-210, Claim for New York City School Tax Credit, and the NYC-210 instructions.

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Last Modified: January 7, 2008