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In 2017, during his first term in office, President Trump expanded the child tax credit to $2,000 from its previous level of $1,000, of which $1,600 is refundable.
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 boost to the child tax credit is part of a $3.8 trillion tax bill introduced this week by House Republicans, part of the comprehensive “big, beautiful” bill President Donald Trump is eager ...
The package to enact President Donald Trump's agenda is still in flux and will likely change. ... Expanded child tax credit. The bill would increase the child tax credit to $2,500 through 2028. It ...
Under the 2017 Tax Cuts and Jobs Act, the child tax credit has been capped at $2,000 per eligible child, double that of the 2016 tax year. During the pandemic, that figure was up to $3,600. During ...
Under the TCJA, the child tax credit was doubled to $2,000 from $1,000 per child under 17 years old, and the income limits were expanded to allow more taxpayers to qualify.
The proposal unveiled May 12 would make the 2017 Tax Cuts and Jobs Act permanent, increase the standard deduction, and increase the child tax credit to $2,500 through 2028 and $2,000 after that ...
Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for children under 17 to $2,000 from an original level of $1,000. That law also made more families eligible for the credit ...