Congratulations are in order for Alec Baldwin and his wife, Hilaria Baldwin!

On Thursday, Jan. 1, Hilaria, 30, took to her Instagram page to announce she and Alec, 56, are expecting Baby No. 2!

"The sun has set on 2014 and on my year of daily #hilariaypd… 2015 is going to be very exciting as we are thrilled to announce we are expecting another little addition to our family!" the pregnant yoga instructor captioned the adorable family photo.

hilaria baldwin pregnant
Instagram/@hilariabaldwin

The happy couple — who wed in June 2012 — are already parents to a 16-month-old daughter, Carmen, who was born in August 2013.

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Alec is also dad to a 19-year-old daughter, Ireland, from his first marriage to actress Kim Basinger. 'The Cooler' star and Kim divorced in 2002 after nine years of marriage.