Republican Touts Major Child Tax Credit Increase

Some Republicans want a bigger child tax credit. Does it have a chance of becoming reality?
As Republicans get ready to deliver a tax package next year, some prominent GOP lawmakers have voiced support for an expanded child tax credit.
Republican Touts Major Child Tax Credit Increase: What To Know
Missouri Republican Senator Josh Hawley has called for child tax credit to increase by 150 percent to a maximum of $5,000 per child, more than doubling the current limit. Newsweek contacted Hawley's office via email for comment outside of regular working hours.
Hawley pitches massive increase to 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.
Scoop: GOP senator pushes huge increase to child tax credit
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.
Child Tax Credit Payments to be Accelerated Beginning Next Year
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.
How Minnesotans can claim advance payments on the child tax credit
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.
Minnesota first state to offer child tax credit
ST. PAUL, Minn. – Minnesota is the first state that will give taxpayers the option to receive advance payments of their child tax credit. In the future, Minnesotans who qualify can get three payments during the year of their tax credit.
Advance payments available for Minnesota's Child Tax Credit
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.
The Child Tax Credit's Future: What Has the Incoming Trump Administration Said?
Here's what officials in the incoming Trump administration have said about potentially expanding the child tax credit.
The 19th News on MSN13d
Candidates promised a bigger child tax credit. Will that actually happen?
In the lead up to Election Day, presidential candidates had big ambitions for the future of the child tax credit, which ...
State task force releases ideas to reduce child poverty by half
The advisory council was created in December of 2021 as part of Governor Kathy Hochul’s Child Poverty Reduction Act.
Tax season is right around the corner. Here's what to expect
Tax season is right around the corner and filers can expect to see a small standard deduction increase based on the cost of living when they file their 2024 tax returns. It's probably not enough to ...
Trump promised no tax on tips; few tipped restaurant workers will likely benefit
On a good night, Chris Lopez, a bartender and server in Southern California for eight years, can make $200 to $400 in tips.