Millions of families rely on the Child Tax Credit (CTC). If Trump wins, could changes be coming? Here’s what you need to know!
The CTC provides up to $2,000 per child under 17, helping families reduce their tax burden.
In 2017, Trump increased the Child Tax Credit to $2,000 per child. But will it last beyond 2025?
Without action from Congress, the Child Tax Credit could drop to $1,000 per child in 2026.
Key requirements include: Child under 17 U.S. residency Valid Social Security Number Income limits apply
Families can currently receive up to $1,700 as a refund. Future changes might reduce this amount.
Lawmakers are debating the future of the CTC. Stay informed to prepare for possible changes.
Find out how these changes could affect your family’s finances. Read the full article now!