Posted on 03/16/2024 11:27:33 AM PDT by ChicagoConservative27
(NEXSTAR) – If President Biden’s tax deal makes it through Congress, some taxpayers could see a sizable bump in the form of an expanded child tax credit, but the proposed bill has hit a stumbling block.
In late January, the House passed the measure, titled the Tax Relief for American Families and Workers Act, in a resounding 357-70 bipartisan vote. All momentum stopped, however, when it reached the Senate, where it remains stalled with roughly a month left in the tax filing season.
The current child tax credit is $2,000 per child, but not all of that is refundable. If passed, 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. The bill also adjusts the topline credit amount to temporarily grow at the rate of inflation.
(Excerpt) Read more at thehill.com ...
Prediction: They will see a larger number of dollars, but it will be less money.
I doubt it. They will cut back on the amounts but few will know about it because media will not report it.
If illegals can get SS numbers then so can my dog. Sounds like a tax credit to me, son 🐶
Most of the recipients of the “tax credit” don’t pay taxes, so there’s that. It’s just welfare
“will taxpayers see more money?”
Where to look for your money:
🧺🧻🚽
No, the people coming here hate dogs. No tax cut for your dog, cat, bird, or snake
That’s anothr plan in the works. Have they gotten rid of cows yet?
Less abortions.
Also the elderly that need help will get less of everything.
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