The SALT deduction is a federal tax break for filers who itemize to deduct up to $10,000 of some taxes from their taxable income.

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.

Gov. Kathy Hochul is proposing a major expansion of New York’s child tax credit of up to $1,000 per child, she announced Monday. The plan, one of several the governor plans to set forth during her annual State of the State address next week,

The proposal would raise the credit to a maximum of $1,000 per child — the largest expansion in state history.

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