February 13 2024- A bipartisan tax framework unveiled by lawmakers, led by Democratic Sen. Ron Wyden and Republican Rep. Jason Smith, proposes enhancements to the Child Tax Credit (CTC). The proposed changes aim to benefit millions of American families by broadening access, increasing the refundable credit, and adding future inflation adjustments. While the lawmakers aim to enact the bill by the opening of tax season, there may be challenges given competing legislative priorities. If enacted, the plan could bring positive impacts for families with children during the 2023 tax year.
https://www.marca.com/en/lifestyle/us-news/personal-finance/2024/01/20/65abd00846163f9dbd8b45a0.html
