Hundreds of thousands of very low-income New Yorkers could be relieved from paying personal income taxes under new legislation that state lawmakers will introduce and which Mayor Eric Adams supports.
The proposal, dubbed “Axe the Tax for the Working Class,” would abolish personal income taxes for individuals with at least one dependent making at or below 150% of the federal poverty level. The city estimates that over 429,000 city tax filers — mostly families with children — would qualify for the relief.
