New York proposes a child care tax credit of 25% of expenses for qualifying children.

New York Assembly Bill A05810 proposes to amend the tax law by establishing a child care tax credit. This credit would amount to 25% of the expenses incurred by resident taxpayers for child care. The bill defines child care as care provided to a qualifying child, which includes children aged thirteen or younger, or disabled children, to allow the taxpayer to work, seek employment, or attend school.

New York proposes a child care tax credit of 25% of expenses for qualifying children.

New York Assembly Bill A05810 proposes to amend the tax law by establishing a child care tax credit. This credit would amount to 25% of the expenses incurred by resident taxpayers for child care. The bill defines child care as care provided to a qualifying child, which includes children aged thirteen or younger, or disabled children, to allow the taxpayer to work, seek employment, or attend school.