Senate’s Child Tax Credit Uncertainty: Experts Advise Filing Taxes Promptly Amidst Pending Bill
IRS Assures Taxpayers: File Now, Adjustments Made if Child Tax Credit Rules Change Prior to Deadline
According to CNET, as tax day gets closer Americans are unsure if the Senate will approve a bill to change the child tax credit. Experts say don’t wait to file your taxes even with the uncertainty. The IRS will adjust things for those who already filed if the rules change.
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2024 Child Tax Credit: Up to $2,000 per Child – Are You Eligible? (PHOTO: Marca.com)
Understanding 2024 Child Tax Credit Rules, EITC, and State-Specific Benefits – Stay Informed on Tax Credits
In 2024 the child tax credit is up to $2,000 per kid under 17 with some money refundable. To get the child tax credit you need to meet certain rules about how much money you make if the child lives with you and other stuff. Even if the child tax credit doesn’t change there are other credits you might qualify for like the earned income tax credit. Some states also have their own child tax credits. But each state has its own rules so check your state’s tax website for details. It’s important to keep up with what’s happening with taxes and make sure you’re getting all the credits you can.
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