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.

Governor Kathy Hochul has proposed what she describes as the largest expansion of the child tax credit in New York State’s history.Eligible families could receive a yearly tax credit of up to $1,000 for each child under the age of four.

Gov. Kathy Hochul has now released two early proposals from her State of the State message that aim to address concerns over the high cost of living.

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,

Hochul's proposal would use state funds to reduce the child care cost to $15 per week for households making up to $108,000 a year.

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