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

The child tax credit, which has been revised by Congress multiple times in recent years, currently stands at $2,000 for minors. That is the level it was set at by the 2017 Republican tax overhaul.

Under the current version, the child tax credit phases in for lower-income families at the same rate no matter how many children are in the family. A married couple making $12,500 a year is ...

Even the IRS is warning taxpayers that checks may be stingier. The tax agency cautioned in a November news release: "Refunds may be smaller in 2023." ... A smaller Child Tax Credit.

The White House has warned that Child Tax Credit could be slashed in half for tens of millions of American families if House lawmakers do not pass a budget resolution.

Many families will soon receive their first payments from a massive one-year increase to the child tax credit. The expansion is a part of President Biden’s $1.9 trillion coronavirus aid package.

A proposal, championed by Rep. Blake Moore (R-UT) and Sen. Jim Banks (R-IN), would raise the child tax credit (currently $2,000) to $4,200 for younger children and $3,000 for older ones.

The Child Tax Credit has been an integral policy for families in recent years, and it could save you thousands. Here's what you need to know about qualifying for your 2024 taxes.

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.

The child tax credit passed by Congress at the height of the pandemic has expired, but states and other local jurisdictions are trying to step in to fill the gap with their own programs and funding.

The proposal unveiled May 12 would make the 2017 Tax Cuts and Jobs Act permanent, increase the standard deduction, and increase the child tax credit to $2,500 through 2028 and $2,000 after that.