India, Jan. 7 -- New York State has introduced a notable improvement to its tax framework - the Empire State Child Credit - from January 1, 2026. This program is designed to alleviate the financial burden on working families by providing payments of up to $1,000 per child for individuals who meet certain age and income requirements.

If you live in the state and have dependents, it is essential to be aware of the revised rules for claiming this benefit on your forthcoming tax return.

The maximum amount of this benefit is designed for families with the youngest children, who typically incur greater childcare and health expenses.

Child's age: To qualify for the complete $1,000, the child must be under 4 years old as of December 31 of the ...