The recent passage of the 'One Big Beautiful Bill Act' marks a significant shift in tax policy, with notable changes to the ...

Changes to the Child Tax Credit are embedded in the Republican One Big Beautiful Bill Act, which is set to become law on July ...

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might ...

Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...

Right now, you can claim up to $2,000 per child under 17 on your taxes. Without any action from Congress, that amount drops ...

Here are five provisions of the Big Beautiful Bill and how they differ in the House and Senate versions of the legislation ...

The expanded child tax credit briefly slashed child poverty. Here's what else it did Current law requires children to be either U.S. citizens or legal permanent residents to be eligible for the CTC.

Megan Curran, Sophie Collyer and Jane Waldfogel research child poverty at Columbia University’s School of Social Work. H.R. 1, the One Big Beautiful Bill, manages to be the worst of both worlds.

The “One Big Beautiful Bill” would boost the Child Tax Credit to $2,500 per child, allowing families to keep more of what they earn in their pockets to help cover the ever-increasing cost of ...

Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without action from Congress. Both House and Senate proposals would increase the top credit, but ...