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NYC-208

NYC Enhanced Real Property Tax Credit (NYC-208) - renters and owners

Agency: NYS Dept. of Taxation and Finance (NYC tax)

$49 · Opens January 2027

In short

Refundable NYC credit up to $500 for renters/owners. Full-year NYC residents with household income < $200,000, not claimed as dependent, not in public housing/rent subsidy-only cases (verify).

What you get
Refundable NYC credit up to $500 for renters/owners.
Who qualifies
Full-year NYC residents with household income < $200,000, not claimed as dependent, not in public housing/rent subsidy-only cases (verify).
Income limit (2026)
<$200,000 household income; credit phased by rent burden.
Papers to gather
Rent paid, income records.
Renewal
Annual; 3-year lookback.

Some details here could not be confirmed yet. We check every rule with the agency before you apply.

Official page: tax.ny.gov