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For the 2022 filing season, both the Child Tax Credit and the Child and Dependent Care Tax Credit have been reduced. This time the Child Tax Credit has been reduced to $2,000 per child.
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The seven federal income tax rates in 2023 are primarily as follows: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.
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This time the maximum Earned Income Tax Credit (EITC) is $560 in 2023 for single and joint filers if the filer has no children.
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