Irs deposit schedule for earned income credit

The 2022–2023 New York State budget provides for one-time checks to eligible taxpayers for two separate payments:

• one based on the Empire State child credit, and
• one based on the earned income credit (or noncustodial parent earned income credit).

If you qualify for a payment for one or both credits, you don't need to do anything; we will automatically calculate and send you one check that will include the total amount you’re entitled to. 

We'll begin to mail these checks in October 2022.

Am I eligible?

You are entitled to a payment if, for tax year 2021, you received at least $100 for either or both of the following credits from New York State:

• an Empire State child credit
• a New York State earned income credit (or noncustodial parent earned income credit)

You must also have filed your New York State income tax return (Form IT-201) by April 18, 2022, or had a valid extension of time to file.

When will I get my check?

We'll start mailing checks in October, and we'll issue most payments by October 31, 2022. 

Watch your mailbox for a check that looks like this:

We cannot provide a specific delivery schedule, and our Contact Center representatives have no additional information.

How much is the check?

Your check amount will be based on your 2021 Empire State child credit, your New York State earned income credit (or noncustodial parent earned income credit), or both.

The payment for the Empire State child credit is anywhere from 25% to 100% of the amount of the credit you received for 2021. The percentage depends on your income. 

The payment for the earned income credit (or noncustodial parent earned income credit) is 25% of the amount of the credit you received for 2021.

If you qualify to receive a check for:

• only one payment, your check is equal to that payment amount; or 
• both payments, add together your payment amounts to determine your check amount.

Note: If you received at least $100 for either credit, your check will include a payment based on that credit. For example, if your 2021 New York State earned income credit amount was $80, and your Empire State child credit was $200, your check will only include the payment for the Empire State child credit.

Estimate your check amount

To estimate the amount you'll receive, you'll need information from your 2021 New York State income tax return (Form IT-201). If you don’t have a copy of your return, log in to the software you used to file to view a copy, or request the information from your tax preparer (if you used one).

The actual amount you receive may be different than the amount you estimated if there were any adjustments to the amount of either credit claimed on your return.

Note: To protect your information, our Contact Center representatives cannot provide amounts from a return you filed.

Estimate payment based on the Empire State child credit

1. Locate the amount on line 63 (Empire State child credit) of your 2021 return. If line 63 is blank, you did not claim this credit and are not eligible for an Empire State child credit payment.
2. Look for the amount on line 19a of your return.
3. Find the percentage for your line 19a amount in the chart below: Empire State child credit additional payment computation table

   If your line 19a amount is	your payment based on your 2021 Empire State child credit is
   equal to or greater than	but less than
   N/A	$10,000	100% of the credit amount you received.
   $10,000	$25,000	75% of the credit amount you received.
   $25,000	$50,000	50% of the credit amount you received.
   $50,000	N/A	25% of the credit amount you received.

4. Multiply the amount on line 63 by the percentage you found in the chart, above, to estimate your payment for this credit.

Example: On Taxpayer B's return, the line 19a amount is $18,000 and the line 63 amount is $333: 

Taxpayer B’s line 19a amount, $18,000, is in the $10,000 to less than $25,000 range in the chart, so their payment is 75% of the amount on line 63. Taxpayer B should multiply $333 by 75% ($333 x 0.75 = $250). If Taxpayer B is eligible, their Empire State child credit payment is $250.

Interactive calculator

Use this interactive calculator to estimate the amount of your Empire State child credit payment.

1. In the yellow highlighted fields, enter the amounts requested from your 2021 Form IT-201.
2. Once you have correctly entered all your information, select Calculate.
3. If you also received the earned income credit (or noncustodial earned income credit) of at least $100, estimate your payment based on the earned income credit separately. Your check will include the total amount you are eligible to receive.

Estimate payment based on the earned income credit

1. Locate the amount on line 65 (or line 66 for the noncustodial parent earned income credit) of your 2021 return. If lines 65 and 66 are both blank, you did not claim this credit and are not eligible for an earned income credit payment.
2. Multiply the amount on line 65 (or 66) by 0.25 to estimate your payment for this credit.

Example: The line 65 amount on Taxpayer A's 2021 return is $300:

Taxpayer A would multiply $300 by 25% ($300 X 0.25 = $75). If Taxpayer A is eligible, their earned income credit payment is $75.

Interactive calculator

Use this interactive calculator to estimate the amount of your earned income credit payment.

Note: If line 65 or line 66 is less than $100, stop. You are not eligible for an additional payment for this credit.

1. In the yellow highlighted fields, enter the amounts requested from your 2021 Form IT-201. 
2. Once you have correctly entered all your information, select Calculate.
3. If you also received an Empire State child credit of at least $100, estimate your payment based on the Empire State child credit separately. Your check will include the total amount you are eligible to receive.

When can I expect my refund with earned income credit?

When can I expect my refund 2022?

What is the Schedule EIC?