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Joe Biden's tenure as the 46th president of the United States began with his inauguration on January 20, 2021. [1] [2] Biden, a member of the Democratic Party who previously served as vice president for two terms under President Barack Obama, took office after his victory in the 2020 presidential election over the incumbent president, Donald Trump of the Republican Party.
After President Biden's American Rescue Plan Act significantly increased the Child Tax Credit's value and expanded family eligibility for 2021, the credit is reverting to its original, pre-pandemic...
Harris has supported the expanded child tax credit enacted in the American Rescue Plan Act of 2021. [112] Harris has expressed support for making child care and elder care more affordable and enacting paid family leave.
Then in 2021, during the height of the pandemic, President Biden signed into law a temporary, fully refundable increase that expanded the child tax credit to $3,600 per child under 6, and $3,000 ...
WASHINGTON — The House voted Wednesday night to pass a $78 billion tax package that includes an expansion of the child tax credit, sending it to the Senate, where its path is uncertain.. The ...
When a taxpayer's credit value exceeds his or her tax liability, the taxpayer is eligible for the additional child tax credit (ACTC), which is calculated as 15% of the taxpayer's AGI in excess of $2,500 (i.e. a family must make at least $2,500 to be eligible for the credit), with the refund value capped at $1,400.
President Biden promotes his Build Back Better Plan at Germanna Community College, Virginia, on February 10, 2022.. The Build Back Better Plan or Build Back Better agenda was a legislative framework proposed by U.S. president Joe Biden between 2020 and 2021.
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