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 ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend colleges and universities. Right now, students are considered full time and ...

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 ...

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

By comparison, the House-approved bill would boost the top child tax credit to $2,500 from 2025 through 2028. After that, the credit's highest value would drop to $2,000 and be indexed for inflation.

Stream Connecticut News for free, 24/7, wherever you are. The Tax Cuts and Jobs Act, or TCJA, of 2017 temporarily boosted the maximum child tax credit from $1,000 to $2,000, which will expire ...