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Old 10-03-2008, 11:08 PM
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What is the latest change in the New York City school tax credit increased in 2007?

According to the New York State Department of Finance and Taxation, "New York City residents with federal adjusted gross income (minus any IRA distributions) of $250,000 and less may claim a larger New York City school tax credit in 2007. The credit increased to:

• $290 if you are married filing jointly or a qualifying widow(er)

• $145 for all others.

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