Child Tax Credit

New York will see an increase in the Child Tax Credit in 2024, bringing financial relief to parents and guardians, in a positive development for families across the state. The Child Tax Credit, a federal program designed to assist…

As 2024 nears, American families are keen to know how the Child Tax Credit (CTC) will affect their finances next year. The Child Tax Credit has undergone significant changes in recent years, particularly in 2021, with the American Rescue…

Senator Michael Bennet and fellow Democrats are advocating to expand the Child Tax Credit (CTC) program to address rising child poverty rates in the United States. The move comes as millions of American families continue to grapple with…

States use tax revenue and unused federal aid for inflation relief through rebates and stimulus payments and some states continue to support families by providing child tax credits (CTCs) ranging in value from $180 to $1,750 for each child.…

A recently proposed piece of legislation would bring back the monthly child tax credit and give new parents a $2,000 baby bonus. The American Family Act, legislation that would make the child tax credit, which was expanded during the…

The child tax credit, or CTC, is a sizable federal tax benefit that offers American taxpayers with children essential financial support. Taxpayers must prove to the Internal Revenue Service (IRS) that they and their child meet certain…

Recognizing the mounting demands on working families, the House of Representatives celebrated a historic victory by passing an increased child care tax credit.  This legislative victory represents an important step in recognizing and…

The Working Families Tax Cut Act, presented by Representatives Nicole Malliotakis and Michelle Steel, would enhance the standard deduction, increasing the amount of income that is fixedly excluded from taxes.  Although it might not seem…