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All of the following are true regarding the preparation of a New York state tax return EXCEPT:
Residents of Yonkers pay an additional tax equal to 16.75% of their net New York State tax after credits.
The New York Household Credit is based on the taxpayer's New York filing status and taxable income.
The taxpayer and spouse may not claim an exemption for themselves, but they may claim an exemption for their qualifying dependents.
The Empire State Child Credit is the greater of 33% of the federal Child Tax Credit, or $100 per child
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