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

A week before her State of the State address, the governor of New York has unveiled a new proposal aimed at putting more money in your pocket.

Hochul said she wants to provide families with an annual tax credit of up to $1,000 per child under age 4, and up to $500 per child from ages 4 through 16.

As part of her 2025 State of the State, New York Governor Kathy Hochul has proposed an expansion of New York’s child tax credit.

New York State families could get more money in their pockets as the governor proposes expanding the child tax credit.