Tax credit articles
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How Senate Republicans killed the child tax credit and made Tax Day 2024 worse for families
By the end of Monday, tens of millions of American families will have claimed their child tax credit on their 2023 tax returns. But for many families, that credit will be hundreds, or even thousands, of dollars smaller than it could have been. And all the blame for those smaller credits belong to Senate Republicans. In 2021, the American Rescue Plan temporarily increased the tax credit from $2,000, where it was set under the 2017 tax cuts, to $3,000 (or $3,600 for children under 6). It also made...
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Haven't Received Your Child Tax Credit Money? Here's When It Could Arrive
If you're still waiting on your child tax credit refund to arrive, we'll explain how you can track its status.
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Tax credits for individuals: What they are, how they can benefit taxpayers
SubmittedA tax credit is an amount taxpayers claim on their tax return generally to reduce their income tax. Eligible taxpayers can use them