Here's what officials in the incoming Trump administration have said about potentially expanding the child tax credit.

Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill.

The state will become the first in the country to allow payments to be accelerated. A portion of the credit would be sent back to families in the second half of 2025 across three installments, with the remainder paid out in early 2026.

Sen. Josh Hawley (R-Mo.) is making a big opening bid in the 2025 tax battle, calling for the child tax credit to increase from a maximum of $2,000 to $5,000 per kid, Axios has learned.

A Republican-controlled Congress will decide its fate next year, but early conversations indicate those pledges may be empty

Minnesota families benefiting from the state's child tax credit will be able to cash in early next year, Gov. Tim Walz announced on Wednesday.

The State of Minnesota says more than 223,000 tax returns claimed the new Child Tax Credit for tax year 2023, for an average total credit of $1,242. That works out to over $562 million for the budgets of Minnesota families.

Source: The College Investor Key Points ・2025 Child Tax Credit: Families can claim $2,000 per qualifying dependent child, with $1,700 being refundable ・Adoption Credit Increases: The credit rises to $17,