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At the beginning of 2024, the U.S. House of Representatives passed $78 billion tax legislation that includes a newly expanded federal child tax credit (CTC) and various tax breaks for businesses....
Under the proposed bill, the maximum refundable amount per child would rise to $1,800 in 2023, $1,900 in 2024 and $2,000 in 2025. What else would change with the Child Tax Credit? Millions of...
Everything you need to know about the 2024 child tax credit (CTC), including eligibility, income limits, and how to claim up to $2,000 per child on your federal tax return.
The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate. The...
Federal lawmakers have proposed a $78 billion bipartisan bill that enhances the child tax credit by providing more generous benefits to parents, a move that could lift nearly half a million...
Work requirements would remain, but low-income families who don’t pay income taxes could get up to $1,800 refunded of the $2,000 per-child credit instead of the current $1,600. The amount would...
The new child tax credit policy would benefit about 16 million kids in low-income families, according to an analysis by the liberal-leaning Center on Budget and Policy Priorities. “The...