The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table.
Donald Trump's signature 2017 tax cuts are set to expire in 2026, alongside the child tax credit benefits that were attached.
The 19th spotlights what could potentially happen to the child tax credit once presidential-elect Donald Trump takes office. In the lead up to Election Day, presidential candidates had big ...
temporarily increased the maximum child tax credit to $2,000 from $1,000. Without action from Congress, the higher benefit could expire after 2025. There's bipartisan support for the tax break ...
However, Congress didn't renew the said temporary tax break, and the child tax credit reverted to the $2,000 levels. Without a similar tax break, parents or guardians can expect the credit to drop ...
In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...
Kathy Hochul has proposed a major expansion of the state’s child ... voted unanimously this December on a list of policy recommendations to help realize this goal. An increased child tax ...
Still, two of the biggest Republican child tax credit champions are also leaving Congress—Utah Sen ... they start losing votes and they don’t have many to lose in either chamber,” Dallafior ...