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$15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes). $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
A bipartisan group of lawmakers released a roughly $78 billion tax package Tuesday that would enhance the child tax credit and restore several business tax breaks, as well as boost funding for ...
Senior lawmakers in Congress announced a bipartisan deal Tuesday to expand the child tax credit and provide a series of tax breaks for businesses. ... committed to fighting for the full expanded ...
Families are poised to see additional tax relief this season, via expanded Child Tax Credits, if Congress can get its act together fast. Check Out: Trump-Era Tax Cuts Are Expiring -- How Changes ...
Passed in 1997 and expanded numerous times since 2001, the Child Tax Credit is designed to help families with the costs of raising kids. Under the American Rescue Plan Act, the maximum credit ...
Under the American Rescue Plan of 2021, the enhanced federal Child Tax Credit (CTC) provided working American families with $3,000 per child under 18 years of age and $3,600 per child age five and...
In 2021, the Child Tax Credit increased from $2,000 per child to $3,000 per child for children ages 6 to 17 and $3,600 per child for children under 6. The plan also raised the age limit from 16 to 17.
Between July and December, the expanded child tax credit provided parents a cross the United States a small financial reprieve from the pandemic’s economic turbulence. On the 15th of each month ...