Governor Hochul Proposes Expansion To Child Tax Credit

By Idy Perl

Governor Hochul put forth today her second proposal of 2025, a historic expansion to the child tax credit program in New York.

Hochul’s proposed plan would give around 1.6 million New York families an annual tax credit of up to $1,000 per child under the age of four, and up to $500 for children ages four through sixteen. This would be the largest increase to the child tax credit in New York history, with a significant increase from the current $330 maximum that is available.

“From groceries to strollers to kids’ clothes, the cost of living and raising a family is still too high — and that’s why we’re proposing a massive increase in New York’s child tax credit to put up to $1,000 per kid back in the pockets of hardworking families,” Governor Hochul said. “As New York’s first mom governor, I know how hard it can be for parents to make ends meet — and I’ll never stop fighting to make New York more affordable for every family.”

In the Mid-Hudson region the proposed expansion would put money back in the pockets of around 180,000 families with a total of 330,000 children. Statewide it would ease the financial burdens of around 1.6 million families with a total of 2.75 million children. It is estimated that the program can reduce child poverty in New York by around 8.2%. 


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