In the days leading up to his inauguration, viral videos circulated online, claiming Trump announced a new law that would change how child support recipients could claim dependents on their taxes.
Here’s what you need to know about tax credit qualifications and how to properly claim them. The Child Tax Credit gives a tax break to families with qualifying children. This credit might be ...
Under the 2017 Tax Cuts and Jobs Act, the child tax credit has been capped at $2,000 per eligible child, double that of the 2016 tax year. During the pandemic, that figure was up to $3,600.
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.
There has been discussion surrounding the fact that a child tax credit, presently $2,000 for each qualifying child, could decrease under a Trump second term if he does not move to extend his 2017 ...
Context: We found no evidence of such a post on TruthSocial or X. Trump has said he would expand the child tax credit during his second term in office. As U.S. President Donald Trump took office ...
The Child Tax Credit may decrease under Donald Trump's administration if the newly inaugurated president does not extend the deadline of his 2017 Tax Cuts and Jobs Act (TJCA) legislation set to ...