Saturday, January 20, 2024

What’s in the bill to expand the child tax credit and how it can help struggling families | PBS NewsHour

If the proposal becomes law, it would gradually increase the credit from $1,600 to $2,000 per child in 2025 and allow lower-income families to receive a refundable tax credit for each child. Right now, many only earn one tax credit for all of their children combined. It would also adjust the credits for inflation and increase what's available to those who pay little to no income tax…

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