The good news is that a new tax benefit aimed at helping families with children under 17 is now in effect. For the tax years beginning in 2025 and beyond, the federal federal-credit, known as the ...

The value of the child tax credit in 2025 (for tax returns filed in 2026) is $2,200, up from $2,000 in 2024. Going forward, the value of the child tax credit will be adjusted for inflation each year.

WASHINGTON -- Tens of millions of families have been sent the first payment of the expanded child tax credit, the Internal Revenue Service and the Treasury Department said Wednesday night. The ...

A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — and which families can receive it. With his tax and spending package, ...

Americans who filed their taxes early this year may already see money in their accounts, but claiming two specific credits ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Washington, D.C., will become the first city with a local child tax credit. The credit is part of a strategy aimed at fighting child poverty, after evidence showed significant impacts from a temporary ...

Fri, January 23, 2026 at 10:33 PM UTC The child tax credit is a valuable federal tax break for families, aimed at helping defray the costs of raising children. Taxpayers who qualify can cut their tax ...

President Donald Trump poses for a photo with first lady Melania Trump, House Speaker Mike Johnson of La., and others, after he signed his signature bill at the White House, Friday, July 4, 2025, in ...