Child Tax Credit Expansion: When Does It Start, Who Is Eligible and How Much Is It?

Child Tax Credit Expansion: When Does It Start, Who Is Eligible and How Much Is It?
·5 min read

U.S. ECONOMY The child tax credit is a federal benefit that reduces income tax liability for people with children. It was created in 1997 and since then has expanded several times. It is a credit that reduces taxes owed as opposed to a deduction that reduces taxable income.

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