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   What is the child tax credit?

   • The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don't normally file a tax return. You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States.

   Child Tax Credit - Internal Revenue Service

   www.irs.gov/credits-deductions/individuals/child-tax-credit

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   When will the child tax credit be adjusted for inflation?

   • The credit would be adjusted for inflation starting in 2024, which is expected to bump up the maximum credit to $2,100 per child in 2025, up from the current $2,000, according to the left-leaning Center on Budget and Policy Priorities. The provisions would be in effect for three tax years from 2023 through 2025.

   House passes bipartisan tax bill that expands child tax credit

   www.cnn.com/2024/01/31/politics/house-vote-tax-bill-child-tax-credit/index.html

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   Will a $78 billion tax package expand the child tax credit?

   • The House voted on Wednesday evening to pass a $78 billion bipartisan tax package that would temporarily expand the child tax credit and restore a number of business tax benefits. The bill will next go to the Senate. House Speaker Mike Johnson currently oversees a razor-thin majority, but the bill passed with rare bipartisan support.

   House passes bipartisan tax bill that expands child tax credit

   www.cnn.com/2024/01/31/politics/house-vote-tax-bill-child-tax-credit/index.html

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   How much is the child tax credit refundable?

   • Democrats focused on boosting the child tax credit. The tax credit is $2,000 per child, but not all of that is refundable. The bill would incrementally raise the amount of the credit available as a refund, increasing it to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns.

   House passes $79 billion bill to enhance child tax credit | AP News

   apnews.com/article/child-tax-credit-house-republicans-speaker-johnson-4da25a4188ad27693e9d8755e7481b76

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2. www.irs.gov › individuals › child-tax-creditChild Tax Credit - Internal Revenue Service

   www.irs.gov › individuals › child-tax-credit

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   5 days ago · Learn how to claim the Child Tax Credit for qualifying children on your tax return. Find out who qualifies, how to file, and other tax credits for families.

3. www.cnn.com › 2024/01/31 › politicsHouse passes bipartisan tax bill that expands child tax credit

   www.cnn.com › 2024/01/31 › politics

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   Feb 1, 2024 · The credit would be adjusted for inflation starting in 2024, which is expected to bump up the maximum credit to $2,100 per child in 2025, up from the current $2,000, according to the...

4. www.nbcnews.com › politics › congressHouse passes expanded child tax credit bill, sends it to Senate

   www.nbcnews.com › politics › congress

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   Jan 31, 2024 · WASHINGTON — The House voted Wednesday night to pass a $78 billion tax package that includes an expansion of the child tax credit, sending it to the Senate, where its path is uncertain. The...

5. www.congress.gov › bill › 118th-congressH.R.7024 - Tax Relief for American Families and Workers Act ...

   www.congress.gov › bill › 118th-congress

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   Jan 17, 2024 · The maximum refundable amount per child of such credit is increased to $1,800 in 2023, $1,900 in 2024, and $2,000 in 2025, with an inflation adjustment beginning after 2023. The title allows taxpayers to elect in 2024 and 2025 to use prior year earned income in calculating their earned income tax credit

6. www.nbcnews.com › politics › congressChild tax credit bill passes committee on a big bipartisan ...

   www.nbcnews.com › politics › congress

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   Jan 19, 2024 · WASHINGTON — The House Ways and Means Committee voted 40-3 on Friday to approve a bipartisan tax package that includes an expansion of the child tax credit and a series of breaks for...

7. apnews.com › article › child-tax-credit-houseHouse passes $79 billion bill to enhance child tax credit ...

   apnews.com › article › child-tax-credit-house

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   Feb 1, 2024 · The bill keeps a threshold of a household having $2,500 in income to be eligible for refundable child tax credit payments. The bill also would enhance a tax credit for the construction or rehabilitation of rental housing targeted to lower-income households, adding an estimated 200,000 housing units around the country.

8. www.nbcnews.com › politics › congressCongress announces major tax deal to expand child tax credit ...

   www.nbcnews.com › politics › congress

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   Jan 16, 2024 · The new child tax credit policy would benefit about 16 million kids in low-income families, according to an analysis by the liberal-leaning Center on Budget and Policy Priorities. “The expansion...