NY Expands Child Tax Credit, Cuts Middle-Class Taxes

•1y ago

NY Expands Child Tax Credit, Cuts Middle-Class Taxes

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New York's FY 2026 budget expands the child tax credit, benefiting 2.75 million children. The credit increases to up to $1,000 per child under four and $500 for children aged four to sixteen. This doubles the average credit, reaching families previously ineligible due to income restrictions. The expansion will significantly reduce child poverty, and combined with other measures, will lower it by 17.7%. Additionally, the budget includes a middle-class tax cut benefiting 8.3 million New Yorkers with savings up to $323,000 for joint filers.

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New York's FY 2026 budget expands the child tax credit, benefiting 2.75 million children. The credit increases to up to $1,000 per child under four and $500 for children aged four to sixteen. This doubles the average credit, reaching families previously ineligible due to income restrictions. The expansion will significantly reduce child poverty, and combined with other measures, will lower it by 17.7%. Additionally, the budget includes a middle-class tax cut benefiting 8.3 million New Yorkers with savings up to $323,000 for joint filers.

Published 2025-04-30 18:43:26 UTC · Published by JQJO

Published by JQJO Editorial Desk · AI assisted

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Governor Kathy Hochul (.gov)

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•33m ago

Earth’s Shape Accelerates Toward Roundness

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New research shows Earth’s solid surface is becoming rounder faster as polar ice melts. The study, published in the journal JGR Solid Earth, used Global Navigation Satellite System data to measure surface motion. Between 2011 and 2015, polar uplift averaged about 0.02 to 0.04 inches per year, while the equatorial bulge contracted at a similar rate. The rate of change has accelerated compared to 1997‑2000, with each decade seeing a 0.01‑inch increase in polar uplift and a 0.02‑inch increase in equatorial contraction. These minuscule shifts, driven by melting glaciers, indicate a measurable, hastening increase in Earth’s roundness.

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