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,

Gov. Kathy Hochul proposed raising the state's maximum child tax credit of $330 per child to as much as $1,000 to offer relief to New York families.

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