Same here. I have four children under 12. That is thousands of extra $ in my pocket.
I hate to say this but Good job ‘Little’ Marco for really getting it pushed higher.
For all those who gripe about it, remember it is my children and other middle and upper middle income people who sacrifice to raise 3, 4, 5 or more children whose progeny will be paying for your Social Security and Medicare.
however, no such windfalls were in place when my kids were little...
we depended on the property tax and mortgage interest credits as are children left the house....these deductions have been in place for DECADES...
but now, all of a sudden, just as we are in going into retirement, they pull the rug out from under us...
totally screwed....
I have four also. And I wasn’t getting ANY before because of my level of income.
Not only did they double the credit.. (more important for me , they raised when it start fazing out dramatically)
For me.. I will get $8,000 back.