Establishes a tax credit for direct support professionals and direct care workers, up to $5,000 for those earning less than $50,000, phased out for.

New York S04696 amends the tax law to establish a tax credit for direct support professionals and direct care workers. For taxable years starting after January 1, 2026, eligible taxpayers can claim a credit of up to $5,000 if their adjusted gross income is below $50,000. The credit is reduced by $100 for every $1,000 the taxpayer's income exceeds $50,000, up to a maximum reduction of $1,000. Those with incomes over $100,000 are not eligible for the credit. The credit can be applied to the taxpayer's tax liability, with any excess treated as an overpayment without interest.

Establishes a tax credit for direct support professionals and direct care workers, up to $5,000 for those earning less than $50,000, phased out for.

New York S04696 amends the tax law to establish a tax credit for direct support professionals and direct care workers. For taxable years starting after January 1, 2026, eligible taxpayers can claim a credit of up to $5,000 if their adjusted gross income is below $50,000. The credit is reduced by $100 for every $1,000 the taxpayer's income exceeds $50,000, up to a maximum reduction of $1,000. Those with incomes over $100,000 are not eligible for the credit. The credit can be applied to the taxpayer's tax liability, with any excess treated as an overpayment without interest.