N.Y. Families Could Receive Tax Credit of Up to $1,000

Child Tax Credit for 2024: How Much You Get Compared to Previous Years
Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.
N.Y. Families Could Receive Tax Credit of Up to $1,000 Under Hochul Plan
Gov. Kathy Hochul has now released two early proposals from her State of the State message that aim to address concerns over the high cost of living.
Gov. Hochul proposes expanding child tax credit up to $1,000 per child
The proposal would cover more than 2.75 million children, including an estimated 215,000 households on Long Island.
Applications open for Nebraska’s Child Care Tax Credit Act
Nebraska’s Child Care Tax Credit may have been passed back in 2023, but the start of 2025 will be the first time its effects are seen.
What Governor Hochul’s child tax credit boost proposal could mean for families in New York
Governor Kathy Hochul has proposed what she describes as the largest expansion of the child tax credit in New York State’s history.Eligible families could receive a yearly tax credit of up to $1,000 for each child under the age of four.
Child Tax Credit 2024: Find Out If You're Eligible
Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden. However, up to $1,700 per child can be claimed as a "refundable" credit, meaning that it can be used to increase the amount you receive for your tax refund.
Hochul proposes expansion of New York’s child tax credit that would reach 1.2 million children in NYC
The plan would give eligible households with children under the age of 4 a $1,000 credit for the 2025 tax year.
Gov. Hochul proposes subsidizing child care costs, construction of new centers
Hochul's proposal would use state funds to reduce the child care cost to $15 per week for households making up to $108,000 a year.
Hochul wants to boost state child tax credit
Affordability seems to be the key focus for Gov. Kathleen C. Hochul headed into the next legislative session in Albany, and on Monday the governor announced another plan to return more tax money to New Yorkers.
Hochul proposes largest increase on record for child tax credit
The proposal would raise the credit to a maximum of $1,000 per child — the largest expansion in state history.

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