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The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).
The IRS announced that, as of March 28, 2025, it had received 89.6 million federal tax returns. The agency expects to receive over 140 million tax returns for the 2024 year by the April 15 federal...
During the 2024 campaign, Vance said the child tax credit should be expanded, stating that he would love to see it at $5,000 per child, but he noted that it needs to be worked out with Congress to ...
The bipartisan proposal for the CTC expansion would increase the maximum credit per child to $2,000 from $1,600 through 2025. ... Once the child tax credit was cut back, child poverty rose, and ...
The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen. ... a broad expansion of the child tax credit, and a $10,000 ...
How To Claim the Child Tax Credit in 2025. To claim the CTC, enter your children and other dependents on Form 1040, U.S. Individual Income Tax Return, and attach a completed Schedule 8812, Credits ...
A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every taxpayer: the child tax credit.
Tax credit amount: $1,000 per qualifying child under 6 years old; income must be under $25,0000 for the full amount; earnings between $25,000 to $30,000 will be reduced