Some parents now have an April 15 deadline to score the money before it is sent back to the Treasury for good.
If an Indiana or Ohio bill passes, it would mark the first time a GOP-led state implemented a refundable child tax credit.
Providing parents with tax credits has mostly been a Democratic priority but the idea has gained traction in Ohio, Indiana and other Republican-led states.
A refundable tax credit is a credit you ... to $600 per income tax filer and $600 per child under the Consolidated Appropriations Act. In March 2021, eligible individuals received up to $1,400 ...
If either of the proposed child tax credit bill makes it out of committee and becomes law, advocates said the investment will ...
House Bill 5986, backed by 64 legislators, would provide a $600 refundable credit per child for up to three children to income eligible ... a child tax credit program since 2021, but Farrar ...