New York A06774 amends the tax law to increase the percentage of the federal child and dependent care credit.
New York A06774 amends the tax law to increase the percentage of the federal child and dependent care credit. The bill modifies the applicable percentage based on the taxpayer's New York adjusted gross income. It specifies different percentages and multipliers for various taxable years, ensuring the credit is calculated accurately. The changes apply to taxable years beginning on or after January 1, 2025.
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