The Child Tax Credit (CTC) has long been a lifeline for many American taxpayers. Now, Senate Majority Leader Chuck Schumer aims to bring a significant House bill to the Senate in early August. This bill proposes expanding the CTC, part of a $79 billion package, though its approval remains uncertain. Bipartisan Support The Tax Relief … Read more
The Internal Revenue Service (IRS) Child Tax Credit (CTC) is a federal program that provides financial support to qualifying families with children. This refundable tax credit helps reduce your tax bill or provides a refund, offering a much-needed financial boost to help with the rising costs of raising children. Here, you will find essential information … Read more
Low- and middle-income families with children in New York are about to receive an extra financial boost starting next month. Governor Kathy Hochul recently announced that over a million families across the state will benefit from an additional payment of up to $330 per child through the Empire State Child Tax Credit. Here’s what you … Read more
The Child Tax Credit (CTC) has been a hot topic of discussion, especially with the reforms introduced by the American Rescue Plan Act of 2021. As we approach 2024, many families are curious about the sustainability of this federal tax incentive and the potential for receiving monthly checks like those issued in 2021. Here, we’ll … Read more
The American Rescue Plan has brought significant financial support for American families, including the Child Tax Credit (CTC) and stimulus payments. Understanding who qualifies and how these benefits work is essential. This guide will help you navigate the latest updates on these crucial financial supports. What is the Child Tax Credit (CTC)? The Child Tax … Read more