2024 Enhanced Child Tax Credit: Congress Poised to Approve Larger Refunds for Lower-Income Families
WASHINGTON, D.C. — The Senate is currently considering a bill that could potentially provide more financial support to lower-income families with children this year. The proposed Tax Relief for American Families and Workers Act of 2024 seeks to expand the child tax credit, boosting the maximum refundable amount per child over the next three years if approved and signed into law. In 2021, Congress temporarily expanded the child tax credit as part of a massive …