The IRS began accepting tax returns on Jan. 27, but if you want to claim the child tax credit, you might be waiting awhile ...

As tax season approaches, families across the United States eagerly anticipate their Child Tax Credit refunds. This government financial benefit plays a crucial role in reducing child-rearing costs ...

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.

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 ...

Both the income thresholds and the tax credit amount remain the same for 2024 taxes as they were in 2023. In 2021, pandemic legislation increased the credit temporarily to $3,000-$3,600 per child ...

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.

In 2021, a one-time change to the child tax ... Proposals for increasing the dollar amount of the child tax credit may also lead parents to reduce their work hours, Republicans have argued.

One of the only things Donald Trump and Kamala Harris agreed on during the presidential campaign was the need to increase the ...

Wondering what the different tax credits are and if you're eligible to claim any? Here's our guide to who can benefit from ...