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$3,000 to $3,600 Child Tax Credit: Boosted Benefits For Families – Here’s What You Need To Know!

U.S. Government‘s Financial Aid: The Child Tax Credit Enhancement in 2021

How President Biden’s Law Boosted Child Tax Credit Benefits – Supporting Struggling Families

According to The Motley Fool, in 2021 amid economic hardship President Biden and the U.S. government passed a law to help struggling families. One key change was improving the child tax credit raising it from $2,000 to $3,000 or $3,600 per child and making it fully refundable even for families who didn’t owe taxes. The child tax credit was crucial support for families facing financial challenges.

READ ALSO: $260 Checks Arrive: March 2024 Stimulus – Are You Eligible To Claim Yours?

$3,000 to $3,600 Child Tax Credit: Boosted Benefits For Families – Here’s What You Need To Know! (PHOTO: Ramsey Solutions)

The Future of Enhanced Child Tax CreditContinuing the Fight for Financial Support

President Biden aims to enhance the child tax credit after its helpful impact during the pandemic. Though the child tax credit support ended in 2021 lawmakers are striving to reinstate it. Families can still access the regular child tax credit in 2023 alongside exploring options like the earned income tax credit and child and dependent care credit for financial assistance.

READ ALSO: Child Tax Credits: Biden Offers Budget Plan – Check Now!

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