The refundable portion of the TCJA CTC ($1,400 per child) — which is the most relevant portion of the total credit ($2,000 per child) to low-income families without tax liability — increases ...

The current Child Tax Credit is good for families of all types. While the CTC can be particularly helpful for homeschool families, it is also good for families in general.

However, when the Child Tax Credit expired at the end of that year, 3.7 million children were pushed back into poverty, potentially harming their health, learning, and futures.

Currently, the CTC reduces tax liability up to $2,000 in credit per child, and it is partially “refundable” up to $1,600 (meaning you could get it even with no tax liability).

One of the key provisions of the bill is the temporary expansion of the child tax credit.Under the proposal, this credit would increase to $2,500 until 2028, after which it would revert to $2,000.

The 2021 CTC provided up to $3,600 for each child under age 6 and up to $3,000 for children ages 6 through 17. And even very low-income families received the full credit, thanks to full refundability.

Tax season is upon us, and tax credits are a good way to lower your bill. Parents and guardians should take note this year, as Kiplinger reports that "[o]ne of the most significant changes for ...

That year, the Child Tax Credit provided up to $3,600 per child under six and $3,000 per child aged six to 17. For 2025, the maximum child tax credit is $2,000 per qualifying child, unchanged from ...

Bringing back an expanded tax credit is one that garners support from voters on both sides. The expanded credit in 2021 under the Biden administration helped 5.3 million people − including 2.9 ...

Additionally, the expanded Child Tax Care Credit would increase the maximum tax refund amount you could receive "if you don't owe taxes or you are getting a refund," said CBS News.Currently, the ...

These amounts remain in effect for the 2025 tax season. Unless another expansion is passed by Congress, in 2026 the value of the child tax credit will decrease to $1,000, none of which can be ...

I was one of the inventors of the child tax credit, nearly 25 years ago—and I think it’s a bad idea. Since the child tax credit was enacted in 1997, it has become one of the largest federal ...