Under current law, the maximum child tax credit is $2,000, which will revert to $1,000 after 2025 without action from Congress. Both House and Senate proposals would increase the top credit, but phase ...

Forbes contributors publish independent expert analyses and insights. The House bill would increase the maximum per child credit to $2,500 through 2028, at which point it would drop to an estimated $2 ...

Washington, D.C., will become the first city with a local child tax credit. The credit is part of a strategy aimed at fighting child poverty, after evidence showed significant impacts from a temporary ...

The Internal Revenue Service released Revenue Procedure 2025-32, detailing the inflation-adjusted tax brackets, standard deductions, and key credits for the 2026 tax year. The updates – shaped by the ...