Other Tax Credits

Tax credits can also be used to support households with a range of other necessary expenses, from education, to rent, energy assistance, and more. The tax system has also been identified as a potential vehicle for creating an income floor — for example, through a negative income tax credit or dividend to provide a form of universal basic income — to support families. We examine policy and proposals across these areas at the federal, state, and local level, including in New York City, as they continue to emerge.