What Congress’ New Child Tax Credit Deal Could Mean for You ...Middle East

On Tuesday, a bipartisan group of lawmakers announced a $78 billion deal that would expand corporate tax breaks and the child tax credit, which could put extra money in families’ pockets as soon as this year if passed. The plan, known as the Tax Relief for American Families and Workers Act of 2024, is part of a months-long negotiating process between Republicans and Democrats. If passed, the deal would revive the child tax credit from the 2021 American Rescue Plan Act. After that child tax credit, which was distributed in monthly payments, ended at the end of 2021 the number of children in poverty increased by 5 million in the following year, according to left-leaning organizati

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Last updated : 16 January 2024 clock 10:08 PM

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What Congress’ New Child Tax Credit Deal Could Mean for You ...Middle East

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