To claim the New York City (NYC) school tax credit, you must have lived in NYC for all or part of 2024. However, you cannot claim this credit if you can be claimed as a dependent on another taxpayer's federal return. If you qualify, we will compute the amount of your credit.
You are eligible for this nonrefundable credit you were a full-year or part-year New York City resident, and cannot be claimed as a dependent on another person's federal tax return. Individuals who are filing as Single and have a federal adjusted gross income of $12,500 or less may receive up to $15 for this credit.
You have a valid Social Security Number. Your income, marital, and parental status in 2024 were one of these. You have qualifying children include biological children, stepchildren, foster children, and grandchildren. If you have no children, the EITC is only available to filers between ages 25 and 64.
You can receive the STAR credit if you own your home and it's your primary residence and the combined income of the owners and the owners' spouses is $500,000 or less. STAR exemption: a reduction on your school tax bill.
Qualifying children must be under 19 years of age or under 24 years of age if a full-time student; younger than you; and living with you for more than six months in 2020. Qualifying children include biological children, stepchildren, foster children, and grandchildren.
The New York City School Tax credit is available to New York City residents or part-year residents who cannot be claimed as a dependent on another taxpayer's federal income tax return. The credit amounts vary. This credit must be claimed directly on the New York State personal income tax return.
Is our friend qualified relative and can be claimed as our dependent? Is our friend qualified relative and can be claimed as our dependent? Yes, your friend can be claimed as a dependent if all other requirements met.
He or she lived with you more than half the year, and you can claim him or her as a dependent, and is one of the following: son, daughter, stepchild, foster child, or a descendant of any of them; your brother, sister, half brother, half sister or a son or daughter of any of them; an ancestor or sibling of your father ...