New Child Tax Credit

 

January 18, 2024



Families that already receive the full $2,000 credit per child will see no change in their eligibility, though their credits would increase with inflation adjustments in 2025. The expanded credit would continue to exclude many of the very poorest families. Families currently have to earn at least $2,500 per year to qualify even in part for the child tax credit. Democrats have pushed to extend the benefit in full to the poorest households, but Republicans have rejected that proposal as likely to discourage parents from seeking employment. Need another reason why voting is important!

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