IRS - How To Collect Your $8000 Child Tax Credit As Part of Congress' New Law (UPDATED) | Benzinga
Editor’s note: This story has been updated with additional information on the Child and Dependent Care Tax Credit.
Tax season is right around the corner with eligible Americans able to file their taxes between January and mid-April 2024.
The Child Tax Credit may change due to a bill working its way through Congress.
What Happened: The COVID-19 pandemic saw American families get stimulus checks to help offset job losses and lower wages.
Congress is working on helping American families with rising inflation and costs with an improvement to the Child Tax Credit.
A $78 billion deal passed the House Ways and Means Committee of Congress on Friday, receiving bipartisan support. The deal now heads to Congress for a vote ahead of the Jan. 29 date that the Internal Revenue Service (IRS) ...