Tax Credit Checks In the Mail

The checks are in the mail. Over a million New Yorkers will see a $350 Family Tax Relief Credit check in the next several weeks.

The first round of check went out Tuesday with more being mailed into October. Ironically, the money will arrive in time for elections.

The money is available to families making between $40,000 and $300,000 with one child under the age of 17 in the 2012 tax year.

Eligibility requirements:

-Were a resident of New York State for the entire year of 2012
-Claimed at least one child under age 17 as a dependent
-Had New York State adjusted gross income between $40,000 and $300,000
-Had a New York State liability after credits that is zero or greater

$400 million will be given out this year as part of the states $1.2 billion three year program.

How will you spend your tax credit?