Tax Credit Changes: Increased Child Support and New Pregnancy Benefits
This bill permanently amends the Child Tax Credit, setting the base amount at $4,200 for children under age 6 and $3,000 for others. Additionally, it creates a new $2,800 credit for pregnant mothers starting at 20 weeks gestation, with an option for monthly advance payments. The legislation eliminates the Head of Household filing status and excludes children from the dependent care credit.
Key points
The Child Tax Credit is set at $4,200 (under age 6) or $3,000 (other qualifying children).
A new credit of $2,800 is established for pregnant mothers (20 weeks gestation or more), with an option for monthly advance payments.
The bill eliminates the Head of Household filing status and excludes children from the dependent care credit.
The deduction limit for State and Local Taxes (SALT) for individuals is set at $30,000 ($15,000 for married individuals filing separately).
Status:
Expired
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.