child tax credit

Child tax credits in 2023 could jump above $600 for many families in new bipartisan bill — here’s how it works

Child tax credits in 2023 could jump above $600 for many families in new bipartisan bill — here’s how it works

Top line The House passed a $78 billion tax cut bill Wednesday that would expand the child tax credit for low-income families and restore the corporate tax credit, a rare moment of bipartisanship that could provide hundreds of dollars in tax cuts and credits to some families – even though he faces an uncertain future …

Child tax credits in 2023 could jump above $600 for many families in new bipartisan bill — here’s how it works Read More »

House, Senate tax chiefs announce deal on business deductions, low-income credits

House, Senate tax chiefs announce deal on business deductions, low-income credits

Top tax writers in Congress announced a deal Tuesday morning to increase the child tax credit (CTC) and restore business deductions that were taken away to pay for the cut in the corporate tax rate in the Tax Cuts and Jobs Act from 2017 The CTC expansion would increase the maximum credit per child to …

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