Republicans and Democrats are working together to help expand the child tax credit that could give parents up to $12,000.
The bipartisan bill is part of the Affordable Childcare Act that includes expanded child tax credits of $6,000 for one dependent child and $12,000 for 2 or more children.
Current child tax credits are $2,000 for dependent children under age 17.
The bill would raise the maximum threshold to $6,000 for one dependent and $12,000 for two or more children.
Congress is finally working together to help Americans who need financial help the most.
Elon Musk’s DOGE exposed massive fraud in Washington, DC involving payments to foreign countries under the guise of humanitarian aid.
Americans were outraged to learn that billions of their taxpayer dollars were sent to foreign countries rather than to benefit American citizens at home.
Via Fox News:
The current child tax credit levels give parents a refund of up to $2,000 for dependents under age 17. Adults with incomes that exceed $200,000 as a single filer or $400,000 for married couples can still be eligible for a partial credit.
The bipartisan bill would raise the maximum threshold to $6,000 for one dependent and $12,000 for two or more.
It would also double the tax credit for businesses that facilitate childcare for employees, raising the amount to $300,000 per year for qualifying workplaces.
