Gov. Hochul to Deliver $1 Billion in Tax Relief to New Yorkers

Image of New York skyscrapers.

A large swath of New Yorkers could benefit from a major tax cut aimed at middle-class workers.

Gov. Kathy Hochul’s 2026 State Budget agreement will deliver nearly $1 billion in tax relief to more than 8.3 million New Yorkers. The measure would provide immediate savings to taxpayers earning up to $323,000 for joint filers.