As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a ...

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

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

Advocates say new reports will help make their case for a CT child tax credit by emphasizing hefty tax burdens and a high ...

The Child Tax Credit (CTC) provides crucial financial relief to families with children, but its future is uncertain. With ...

Higher child tax credits are here to stay -- sort of In Trump's first term in office, he passed the Tax Cuts and Jobs Act of 2017. This increased the child tax credit from $1,000 per child to ...

Hochul outlined a plan in early January to raise the child tax credit from $330 per child to up to $1,000 per child until age 4, and $500 until age 16. Meant to cover 2.75 million children in 1.6 ...

It established the Child Poverty Reduction Advisory Council to recommend strategies for reaching this target. Among the Council’s recommendations is expanding New York’s child tax credit.

Tax Day for 2024-25 taxes is Tuesday, April 15, 2025. There are several tax breaks available for parents, including the Child Tax Credit and the Adoption Tax Credit.

But early proposals for a $600 per-child income tax credit generally have carried an annual price tag of $300 million to $350 million. At first glance, Connecticut easily could afford this relief.

Her proposed credit would increase the current maximum of $330 per child to $1,000 for children ages 0 to 3, and to $500 for children ages 4 to 16.