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

Congress has signed off on a $3.4 trillion legislative package featuring new tax breaks, spending cuts, and more funding for ...

The "Big Beautiful Bill" is set to become law. Here's what it means for taxes, Medicaid, student loan forgiveness, and more.

A Trump-backed spending bill that passed the US Senate Tuesday would increase the maximum amount families can receive for a ...

Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...

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 ...

The linchpin of the Democrat-controlled finance committee’s tax package involves a new $150-per-child credit, $450 maximum per household, for single parents earning up to $100,000 per year and ...

The payments would be delivered monthly, not annually. The expanded monthly credit was tried for 6 months during the COVID-19 pandemic as part of the American Rescue Plan Act.

A popular federal tax credit among Americans The EITC is a payment designed to help lower- and moderate-income workers, especially those with kids. Refund amounts vary depending on income and the ...

However, you can claim the Additional Child Tax Credit instead which gives you up to $1,700 as a refund for 2024. You can claim this credit for any child who qualifies (using the criteria below ...

If a taxpayer chooses the advance payment option while filing their 2024 income taxes, they will receive their full Child Tax Credit for 2024, part of their 2025 Child Tax Credit in three equal ...