New York state has announced that it will offer a tax break to volunteer firefighters and emergency medical service (EMS) workers. The program, which was signed into law by Governor Kathy Hochul, will provide a credit of up to $200 on state income tax returns of eligible volunteers.
Eligibility
The credit is aimed at helping to recruit and retain volunteers, who play a vital role in providing essential services to communities across the state. To be eligible for the credit, volunteers must meet certain requirements, including completing a minimum number of service hours each year and participating in training. The credit will be available to both active and retired volunteers, as long as they meet the eligibility criteria.
A Deserved Break
The tax break has been welcomed by volunteer firefighters and EMS workers, who often face significant time and financial demands as they work to keep their communities safe. “This is a great step forward for the state and our volunteer community.” said John D’Alessandro, President of the New York State Association of Fire Chiefs. “We appreciate the recognition and support from the Governor and the state legislature, and we hope this will encourage more people to consider volunteering their time and talents to help their neighbors.”
The tax credit is just one of several initiatives that have been implemented in recent years to support volunteers in the state. In addition to the credit, volunteers are also eligible for a variety of benefits, including free training and equipment, as well as discounted tuition at state colleges and universities.
Wrap Up
Overall, the tax break is a positive step towards recognizing and supporting the vital work of volunteer firefighters and EMS workers in New York. If you have any questions regarding the tax credit and are wondering if you qualify, reach out to a trusted financial professional for guidance.