Good news for New York families! A major boost to the Empire State Child Credit (ESCC) could soon put up to $1,000 directly into your bank account starting May 2025. As part of Governor Kathy Hochul’s 2025 executive budget, this plan aims to help more households by increasing the Child Tax Credit amount and expanding who qualifies.
If approved, over 1.6 million families and 2.75 million children across the state could benefit. Here’s everything you need to know about this upcoming payment, eligibility rules, how to claim it, and when you might see the money.
What Is the $1000 NY Child Tax Credit?
The Empire State Child Credit is a refundable tax benefit that supports families with children. Right now, it offers up to $330 per child aged 4 to 16, but younger children were left out. The new proposal fixes this by:
- Extending benefits to children under age 4
- Raising the maximum amounts for all eligible children
- Giving more support to low- and middle-income families
The new credit would offer:
- $1,000 per child under age 4
- $500 per child aged 4 to 16
This change is designed to fight child poverty and help families deal with rising living costs.
How Much Can You Get?
The maximum credit depends on your child’s age and your family income. Here’s the breakdown:
Maximum Credit:
- Up to $1,000 for children under 4
- Up to $500 for children aged 4–16
Income-Based Phaseout:…