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What is it?
New York State now offers
the Earned Income Credit (EIC) for non-custodial parents who are paying child
support. Fathers who previously may not have qualified for the EIC because they
did not live with their child/children can now benefit from the expanded EIC.
What do I get?
You can get cash back from the government as part of your yearly tax return. In
tax year 2006, a non-custodial parent paying child support can get up to $1,030
back from the state government. Be advised: If you have missed payments for previous years’ child support,
your tax refund will go directly to pay child support.
The EITC is fully refundable, which means that you can get more money
back from the government than you actually paid in taxes throughout the year.
For example, let's say you qualify for a credit of $200; even if you owe less
than $200 in taxes, you can still get the full $200 refunded to you.
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