Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York’s child tax credit that would give an annual tax credit up to $1,

Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.

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.

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.

The plan would give eligible households with children under the age of 4 a $1,000 credit for the 2025 tax year.

She also proposed creating a pool of child care teachers and substitute teachers through to provide staff to keep child care centers open and to work in new centers that will be built.

Millions of New York families could get a larger state child tax credit check over the next two years under a new proposal.