Child tax credit increases from $1,000 per qualifying child to $2,000 ($1,400 refundable) Alimony income is no longer taxable nor is it deductible The deduction for personal exemptions no longer exists Opportunity to pass more wealth tax-free to the next generation: The new tax reform bill...
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"We have got to use the tax code for the benefit of families as we did with the child tax credit," Casey said. "We need to bring back that version of that tax credit." The report outlines that the Child Tax Credit provides monthly payments from the American Rescue Plan, which ...
“We gave everybody a tax credit,” McClinton added. In the end, the final budget deal passed last week didn’t include everything House Democrats asked for. But the expansion of the state’s child care tax credit and a provision broadening Medicaid recipients’ access to dental care were ...
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