That year, the Child Tax Credit provided up to $3,600 per child under six and $3,000 per child aged six to 17. For 2025, the ...

As Donald Trump once again takes office for his second and final U.S. presidential term, questions concerning his proposed ...

One of the only things Donald Trump and Kamala Harris agreed on during the presidential campaign was the need to increase the ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new ...

The child payments were discontinued amid concerns from some lawmakers, especially then-Sen. Joe Manchin, that parents spent the money on drugs.

A historic 2025 tax debate is formally underway. A lot of the early focus is on an issue well known to pretty much every ...

That’s how the tax credit has been structured since it was introduced in 1997. In 2021, a one-time change to the child tax credit showed what was possible if it was significantly expanded.

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.

Affordability seems to be the key focus for Gov. Kathleen C. Hochul headed into the next legislative session in Albany, and on Monday the governor announced another plan to return more tax money to ...

In 2021, President Joe Biden's American Rescue Plan was passed and brought with it substantial increases to the child tax credit. Under the law, the credit was expanded to pay out $3,600 per ...