Today news
About the same in other media
House bill makes child tax credit fully refundable, a boon for low earners
Reading now: 149
cnbc.comThe House of Representatives passed legislation Friday that would make the child tax credit fully refundable on a permanent basis, a change that would be of particular significance for low-income families.
The Build Back Better Act, which Democrats passed by a vote of 220-213, would also preserve some temporary enhancements to the credit for a year, through 2022.
The American Rescue Plan, which President Joe Biden signed in March, made the tax credit for parents fully refundable. That means low earners would get the full value of the credit regardless of their income or tax liability.
The $1.75 trillion House legislation would make this a permanent feature of the tax code — which experts say would especially help lower-income parents and
Read more on cnbc.comAbout this in other media
Stocks making the biggest moves after hours: Square, Snowflake, Five Below & more cnbc.com /3 years ago
Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: report cointelegraph.com /3 years ago
Blockchain-based booking platform allows everyone to experience travel cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
