It’s already an amazing new year for Alec Baldwin. 

The actor and wife Hilaria are expecting their second child together, she announced Thursday on Instagram.

“The sun has set on 2014,” she captioned a precious photo of the couple and their little girl. “2015 is going to be very exciting as we are thrilled to announce we are expecting another little addition to our family!”

In the picture, Baldwin, 56, holds Carmen, 16 months, as she touches her mom’s tiny baby bump.

The actor is also dad to daughter Ireland, 19, with ex-wife Kim Basinger.