Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.

Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York’s child tax credit that would give an annual tax credit up to $1,

Gov. Kathy Hochul proposed raising the state's maximum child tax credit of $330 per child to as much as $1,000 to offer relief to New York families.

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden. However, up to $1,700 per child can be claimed as a "refundable" credit, meaning that it can be used to increase the amount you receive for your tax refund.

A proposal to expand New York’s child tax credit would give families more money per child, Gov. Kathy Hochul announced on Monday. Families with children under 4 years old who get the annual Empire State child credit would be eligible for up to $1,

Millions of New York families could get a larger state child tax credit check over the next two years under a new proposal.

The clock is ticking on the future of the expanded child tax credit, which is now left in the hands of the incoming Trump administration.