New York Governor Kathy Hochul decides to participate in Trump administration's Education Freedom Tax Credit
- 1New York Gov. Kathy Hochul has decided to participate in the Trump administration's Education Freedom Tax Credit, making New York the 31st state to do so.
- 2A federal tax credit limit of up to $1,700 will be available for taxpayers starting January 1, 2027.
- 3A combined tax credit limit of up to $3,400 will be available for married couples filing jointly starting January 1, 2027.
So what's the key point?
New York State has decided to join the Trump administration's tax credit program for education expenses. Starting in 2027, taxpayers will be able to receive up to $3,400 in tax reductions.
Source Fortune · View original ↗
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