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The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
These Trump-era tax cuts are set to expire in 2025, but the former president has repeatedly stated that he would make the TCJA permanent. ... President Clinton signed the Taxpayer Relief Act of ...
American Relief Act, 2025 Making further continuing appropriations for the fiscal year ending September 30, 2025, and for other purposes. Pub. L. 118–158 (text), H.R. 10545: 118-159 Dec 23, 2024: National Defense Authorization Act for Fiscal Year 2025
The Internal Revenue Service said on Friday it will launch the 2025 tax filing season on Jan. 27 with expanded tools that cannot be adequately supported if the Republican-controlled Congress ...
The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).
“The Tax Cuts and Jobs Act of 2017 doubled the Child Tax Credit from $1,000 to $2,000 ... For 2025, married couples filing jointly with modified adjusted gross income (MAGI) under $160,000 can ...
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