Bill > A05810

This bill establishes a new child care tax credit for New York state residents that allows taxpayers to claim a credit equal to 25% of their child care expenses. The credit applies to expenses for child care services for qualifying children, which are defined as children 13 years old or younger, or disabled children. The bill specifies that child care means care provided to enable a taxpayer to work, seek employment, or attend school, but excludes care provided by the child's parent (unless the parent is providing care at a certified facility or is physically unable to care for the child) or by another child under 19 years old. Importantly, the credit will take effect for taxable years beginning on or after January 1, 2026, giving taxpayers a potential financial break for child care costs. The provision aims to provide economic support to working parents or parents pursuing education by offsetting a portion of their child care expenses through a tax credit.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5810