Tax provisions in the 2025 New York Budget

ALBANY, N.Y. (NEXSTAR) — New York’s 2025 to 2026 budget cuts taxes for many households while adjusting the rates for other tax scenarios. It creates a one-time inflation refund for eligible earners and increases child tax credits, but it also keeps an extra high-income surcharge in place for the wealthiest residents.

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Below you'll find a bill-by-bill breakdown of the tax-related provisions (cuts...