Not sure how much money going to Mexico is in post tax dollars.
The child deduction is fine with me.
The same applies. The couple’s $12k is about to got to $24k.
That difference would certainly cover a few kids.
Please note that personal exemptions ($4,050) and deductions are additive. You get *both* unless, of course, personal exemptions are eliminated as in the current proposal.
A couple with 2 kids would lose $16,200 in exemptions totally apart from deductions.
I am not sure how much money is going to Mexico either but any amount is too much.
There was a case where about 6 or more child credit payments were going to one household where only 2 kids lived. Money for the 4 or more was resent to Mexico. I doubt that is the only family doing that.
The child credit is a scam. A proper deduction is the only fair way.