2024 Child Tax Credit Expansion

Maximum refundable amount increases to $1,800 in 2023 and further to $1,900 and $2,000 in 2024 and 2025.

[{"selector":"#anim-75e6360a-24ca-4e14-92c5-ff8c1ef01cc8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.35294106938892%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] CREDIT GETIMAGE

[{"selector":"#anim-216725a6-514d-4197-8707-f2014b1554ec","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-757cc536-d3d0-4577-9018-77de15ef000d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Child tax credit was temporarily expanded in 2021 to $3,600 for children under 6 and $3,000 for children aged 6 to 17. CREDIT GETIMAGE

[{"selector":"#anim-bc4fd372-6478-448f-823c-0bddf7f267da","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-905560ed-0a1b-4aec-9d52-8149171b9bbe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Legislation passed in 2024 increases funds for low-income families. CREDIT GETIMAGE

[{"selector":"#anim-093a1a8a-779f-466d-af01-6c67e5312574","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-ca7c8ef0-f051-4e2d-aa08-e28d3be7e3be [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.20404400359393%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] $78 billion bipartisan tax package includes child tax credit expansion. CREDIT GETIMAGE

[{"selector":"#anim-65a17d37-4493-43fe-ad6f-eb6dd30c0d70","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-e4c24abb-90d9-49b6-b312-b6ce5065a643 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.090073402531143%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Millions of children in low-income families will benefit from the expansion. CREDIT GETIMAGE

[{"selector":"#anim-5bdc3196-1111-43ca-ab06-c465f5f0baa0","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-49111623-f8b2-438c-9226-356c542d3733 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Child Tax Credit revised in 2021, increasing from $2,000 to $3,600 for children under 6 and $3,000 for those under 18. CREDIT GETIMAGE

2024 Child Tax Credit Expansion

[{"selector":"#anim-305a566e-d049-4b59-9dc0-31f6deee2b9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55182db9-df9c-4fe4-8a6f-5a879a0d2efe","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f80fae5-92c3-421f-b98a-39ed345772e6","keyframes":{"transform":["translate3d(977.27204%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad828cfe-b131-46e0-9612-e6df261f4a5e","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-2924471f-9e7a-4ef9-a856-829cee747f68","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-87171028-8aa2-41b8-8c20-8dbacf33b134","keyframes":{"transform":["translate3d(-148.27585%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-926854f8-7f94-4b67-ac4b-cf3afdfdfc5e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d2561c1-30a4-4c72-8f82-d9098e80001e","keyframes":{"transform":["rotate(-8deg) translate3d(-181.8182%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8e6f110-5c30-4e37-9cfa-6fb96e5e3f0b","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9d9ef19-bcdd-4c79-a29d-48a62c5d9dd3","keyframes":{"transform":["translate3d(-349.99972%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47b64929-310c-45a7-b273-add70d2cef7d","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef63d317-d725-48e3-83c8-8175ad5f306b","keyframes":{"transform":["translate3d(-168.42106%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47f0792c-5453-40f4-895b-5e41de95f7e6","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-caa6f37a-3745-4c08-98a8-0a6f580f5525","keyframes":{"transform":["translate3d(153.44826%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01d3219c-1915-4511-baf2-a73bede1cff4","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2949c352-556c-46c5-8416-72ea5860ed8a","keyframes":{"transform":["rotate(-8deg) translate3d(184.09095%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Next steps Learn more

2024 Child Tax Credit Expansion

hindkunj.com

Maximum refundable amount increases to $1,800 in 2023 and further to $1,900 and $2,000 in 2024 and 2025.

2024 Child Tax Credit Expansion

3

share the story

A

click here for more information