Earned income credit (New York State)

You are entitled to claim this credit if you:

claimed the federal earned income credit, and
have an investment income of $2,900 or less.

Credit amount

For tax year 2008, the New York State earned income credit is equal to 30% of your allowable federal earned income credit. However, the New York State credit will be reduced by the amount of any household credit you are allowed.

How to claim this credit

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 State earned income credit.

For more information, see Publication 310-NY, Information on New York’s Earned Income Credits.