The American Rescue Plan (ARP) continues to be a cornerstone of financial support for millions of Americans, offering vital relief through the $1,400 per person stimulus payments and the expanded Child Tax Credit (CTC). As 2024 approaches, it’s important to stay informed about the updates to these benefits, who qualifies, and how they can impact … Read more
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 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