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Child Tax Credit 2024 Update
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As the 2024 tax season gets underway, many American families are closely watching the fate of the Child Tax Credit (CTC). This crucial tax benefit, which can provide thousands of dollars in support per child, has faced an uncertain future in recent months.
The CTC was significantly expanded in 2021 as part of the American Rescue Plan, but those expansions expired at the end of that year. Now, lawmakers in Congress are debating whether to reinstate and potentially build upon those enhancements. However, the path forward remains unclear, leaving many parents wondering what to expect when filing their 2023 tax returns.

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