The New York Youth Jobs Tax Credit Program is a statewide program designed to help young people find employment and can provide needed cash flow to businesses whether or not there is an income tax liability.
Maximize your savings: Claim tax credits for hiring young talent in New York
Take advantage of the New York Youth Jobs Tax Credit Program and earn up to $7,500 per qualifying employee.
If your business is located in New York and employs young adults, you might qualify for significant tax credits through the New York Youth Jobs Tax Credit Program. This program provides up to $7,500 per full-time and $3,750 per part-time employee between the ages of 16 and 24. Download our guide to learn how Maximus can streamline your application process and help you capture these valuable benefits.
What you'll get out of the PDF:
- Eligibility criteria for employers and employees
- Details on the refundable tax credit amounts available
- How Maximus can manage the application, reporting, and compliance process for you
Claim Your Savings Guide
FAQs
The business must be in good standing with the State of New York, pay wages to a qualified employee and have physical locations in the State of New York. In addition, an initial application must be submitted to the State of New York. Maximus will complete this process on the business's behalf.
The business must apply for certification to the New York State Department on or after January 1st but no later than November 30th of the program year. Maximus will assist with this process.
An employee must start work between January 1 and December 31 of the program year, be a New York resident, fit into a targeted socio-economic category and be between the ages of 16 and 24.
For a full-time employee, the refundable tax credit is up to $7,500 and for a part-time employee the credit is up to $3,750.
Employees must submit an application to the State of New York, upon which a certificate will be issued should that individual be deemed eligible. Information of hours worked by that employee must be communicated to the state. Businesses will then receive a final certificate indicating the allowable credit for that tax year. Maximus will streamline the entire process and prepare the necessary tax forms to be attached to the New York state tax return.
The New York Youth Jobs Program is currently active through the 2027 calendar year.
Businesses who fail to comply with the program requirements may not receive their tax credit for that year.