Now that the tax and spending bill ahs been signed into law, how it will impact the finances of Americans is more clear.

Republican lawmakers released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit ...

Almost one in three children could be left out of the boosted Child Tax Credit (CTC) approved by Congress this week, ...

Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a ...

A Trump-backed spending bill that passed the US Senate Tuesday would increase the maximum amount families can receive for a ...

Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Under current law, a two-adult, two-child family needs a household income of at least $36,000 to receive the full $4,000 child tax credit for their children ($2,000 each). H.R. 1 would raise the ...

The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including ...

Under President Clinton in the late 1990s, the child tax credit gave middle and upper income families $500 per child in the form of a nonrefundable tax credit. The amount and the rules about which ...

Thanks to the 2017 Tax Cuts and Jobs Act, the child tax credit is capped at $2,000 per eligible child – down from a maximum of $3,600 per child during the pandemic, but double that of tax year 2016.

The popular child tax credit will receive a slight boost from President Trump’s signature tax and spending bill – but there are caveats.