Child Tax Credit

Donald Trump and the Republicans won control of the presidency, the House of Representatives and the Senate in the 2024 election. With Republican control, an extension of the 2017 tax bill was expected to be a priority, but it is moving slowly. What Happened: Many Americans want to know what the...

The U.S. House of Representatives has passed a $78 billion tax bill with a focus on enhancing the child tax credit and reinstating business deductions that were eliminated during the Trump administration. What Happened: The bill, titled the Tax Relief for American Families and Workers Act, was...

Editor’s note: This story has been updated with additional information on the Child and Dependent Care Tax Credit. Tax season is right around the corner with eligible Americans able to file their taxes between January and mid-April 2024. The Child Tax Credit may change due to a bill working...

Those in favor of more government support got a big win last Tuesday when the U.S. Census Bureau announced new data that the over $400 billion in recent federal stimulus payments made to Americans lifted 11.7 million of the recipients out of poverty.   What...

Although the program has only been in place for a month, Americans are already experiencing the benefits of the Child Tax Credit. Part of the American Rescue Plan, the program has alleviated a lot of stress with the distribution of the first round of checks, according to a new survey by the U.S....