April 1 2024- The U.S. Senate is considering a plan to expand the child tax credit under the $78 billion Tax Relief for American Families and Workers Act. The proposal aims to increase the maximum refundable amount per child over the next three years from $1,600 to $2,000, with incremental adjustments for inflation. Despite the potential changes, taxpayers are encouraged to file their taxes as usual.
New child tax credit 2024: What if credit changes after I file taxes?
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