Child Tax Credit

The Child Tax Credit (CTC) is a significant financial support for families raising children.  However, many families face a tax planning adjustment when their child reaches 17, as the Child Tax Credit typically ends at that age.…

The Child Tax Credit (CTC) is poised for a boost as a bipartisan bill progresses through the legislative pipeline. Known as the Tax Relief for American Families and Workers Act of 2024, this legislation, currently en route to the Senate,…

As tax season looms closer, parents across the United States are eagerly anticipating information about their Child Tax Credit (CTC) eligibility. For many, this credit is not just a tax benefit but a crucial component of their financial…

Congress has introduced legislation to enhance the Child Tax Credit (CTC), aiming to offer more financial support to low-income families.  Currently, families can receive a credit of up to $2,000 per child, with a refundable maximum of…

The House approved a bipartisan tax package totaling $78 billion, which includes a temporary expansion of the child tax credit and the restoration of various business tax benefits.  This legislation will now proceed to the Senate, where…

In a significant move towards bipartisan cooperation, the House Ways and Means Committee voted 40-3 on Friday to approve a $78 billion tax package.  This comprehensive legislation, negotiated by House Ways and Means Chair Jason Smith…

For new parents, the joys of welcoming a child into the world often come hand-in-hand with the daunting task of navigating the intricacies of the tax season.  While sleep-deprivation and the challenges of parenthood may be at the…

Over the past few years, Child Tax Credits and Stimulus checks have emerged as powerful tools in reshaping economic fairness and helping families weather financial challenges.  These government initiatives have provided crucial support,…