Editor's note: The above video originally aired on Jan. 8.
NEW YORK (PIX11) – Parents in New York will get more financial help after an agreement in the 2026 State Budget.
According to the agreement, New York families with kids under the age of four will get an annual tax credit of up to $1,000 per child. Families with kids between four and 16 will get up $500 per child.
“Putting nearly $5,000 back in the pockets of families means helping New Yorkers afford the rising costs of groceries, raising kids, and just enjoying life. When I said your family is my fight, I mean it – and I’ll never stop fighting for you,” said Governor Kathy Hochul.
The Empire State Child Credit expansion will double the average size of the existing credit from $472 to $943 per family. The current child tax credit gives families up to $330 per child.
Additionally, New York’s child tax credit will expand eligibility to families that make up to $200,000. An estimated 1.2 million children in New York City would benefit from the expanded program.
Dominique Jack is a digital content producer from Brooklyn with more than five years of experience covering news. She joined PIX11 in 2024. More of her work can be found here.
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