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The Canada Worker’s Benefit is a refundable credit aimed at lower-income workers. The credit is refundable, meaning that if ...
Senate Republicans passed a bigger child tax credit as part of Trump’s spending package. If enacted, here is who stands to benefit.
Americans would see some new or increased tax breaks under the Senate bill as well. The bill raises the nonrefundable Child Tax Credit to $2,200 starting in 2025, for instance.
Those earning more than $2,500 may qualify for the additional child tax credit — the refundable portion of the credit worth up to $1,700.
The refundable portion of the CTC, known as the Additional Child Tax Credit, is worth 15% of a family's earnings above $2,500 — up to a maximum of $1,700 per child for tax year 2024 (taxes ...
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