The Child Tax Credit has helped many families for years. But under Trump, there might be some changes. Here’s what you need to know.
Image: Freepik
If your child turns 17 during the year, they won’t qualify for the CTC anymore. But you might still get other tax credits.
Image: Freepik
Right now, the CTC lets you claim up to $2,000 per child under 17. That’s a lot of help for families!
Trump’s 2017 tax law doubled the credit to $2,000. But in 2025, it could go back down to $1,000 unless Congress changes it.
Trump supports relief for working families, while others push for monthly payments to reduce poverty.
If the tax law isn’t extended, the amount could drop from $2,000 to $1,000 per child after 2025.
If you earn under $200,000 (single) or $400,000 (joint), you can get the full credit. But, if the law changes, the limits might drop.
Click here to read the full article on the Child Tax Credit under Trump’s presidency.