There are three federal tax provisions related to child care. Trump's new tax law recently expanded all of them through a ...

President Donald Trump signed his "big beautiful" spending bill into law on July 4.

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might ...

The legislation, enacted on July 4, 2025, increases the maximum credit from $2,000 to $2,200 per child and indexes the amount ...

The newly enacted "One Big Beautiful Bill" increases the child tax credit to $2,200 starting in 2025. As mentioned, the ...

The child tax credit has been offered to U.S. taxpayers for nearly 30 years, but its value has varied across presidential administrations. With the passage of the One Big Beautiful Bill ...

Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a ...

Despite increasing the child tax credit, the One Big Beautiful Bill Act leaves most parents no better off than before, offering little relief for families.

Key provisions in the president’s signature legislation will take effect at different times over several years.

The child tax credit is a partially refundable tax credit available to taxpayers with children or dependents under age 17.