Lowering Earned Income Threshold for Refundable Child Tax Credit Access.
This bill significantly lowers the minimum earned income required for families to claim the refundable portion of the Child Tax Credit (CTC). The threshold is reduced from $3,000 to just $1. This change ensures that more working families with very low incomes can access this financial benefit, providing a direct boost to their annual finances.
Key points
Reduces the minimum earned income requirement for the refundable Child Tax Credit from $3,000 to $1.
Expands access to the refundable credit, allowing the lowest-income working families to receive the benefit even if they owe no income tax.
The changes will take effect for tax years beginning after December 31, 2025.
Status:
Introduced
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