New York A04106 disregards federal child tax credit amounts in federal adjusted gross income for state tax deduction calculations.

New York A04106 amends the state tax law to disregard any amount included in an individual taxpayer's federal adjusted gross income solely due to the federal child tax credit when calculating the taxpayer's federal income tax deduction. This change applies to taxable years beginning after December 31, 2025. The bill aims to ensure that the federal child tax credit does not affect the state tax deduction calculation.

New York A04106 disregards federal child tax credit amounts in federal adjusted gross income for state tax deduction calculations.

New York A04106 amends the state tax law to disregard any amount included in an individual taxpayer's federal adjusted gross income solely due to the federal child tax credit when calculating the taxpayer's federal income tax deduction. This change applies to taxable years beginning after December 31, 2025. The bill aims to ensure that the federal child tax credit does not affect the state tax deduction calculation.