WASHINGTON (AP) — The massive coronavirus relief plan making its way to President Joe Biden’s desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty. It also sets up a potential political showdown with Republicans over an issue that Democrats believe could drive significant wins for the party in the 2022 midterm elections and beyond. The American Rescue Plan, expected to receive final approval this week, temporarily raises the child tax credit, now at a maximum of $2,000, to as much as $3,600 per child annually.Read more on NewsOK.com
Child Tax Credit Expansion Sets Up Showdown With Gop
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Mon, 03/08/2021 - 4:29pm
BING NEWS:
- Child Tax Credit Expansion Update: When will Senate vote on this year's Child Tax Credit?
Passed the House with bipartisan support in February. The anticipated expansion of the federal Child Tax Credit, aimed at alleviating child poverty, faced setbacks leading up to the April 15 tax ...
04/22/2024 - 4:04 am | View Link - Child tax credit increase latest status: Will you get money back this year?
A bill that would expand the child tax credit and potentially put more money into people’s pockets sailed through the U.S. House earlier this year, sparking hope that the plan would pass before 2024′s ...
04/17/2024 - 2:56 am | View Link - Bill to boost child tax credit and corporate breaks looks almost dead on Tax Day
It’s Tax Day, and the April 15 filing deadline once served as a deadline for a bipartisan bill aiming to deliver an expansion of the child tax credit along with revived breaks for businesses, ...
04/15/2024 - 9:41 am | View Link - Child Tax Credit 2024: Find Out if You're Eligible and How Much Money You Could Get
Tax Day is today, which means you're running out of time to claim your child tax credit money. Here's how the credit works this year. Katie is a writer covering all things how-to at CNET ...
04/14/2024 - 10:44 pm | View Link - IRS Warns Against Missing Out on Child Tax Credits
The Internal Revenue Service (IRS) has warned against taxpayers potentially missing out on certain tax-credit refunds when filing their taxes this year, including the Child Tax Credit and the ...
04/10/2024 - 9:22 pm | View Link - More
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