Tag: CTC

During the COVID pandemic years of 2020 and 2021, the American Rescue Plan (ARPA) included legislation that provided a “lookback” rule that allowed tax filers to use prior year income levels to calculate qualification for many of the expanded tax credits and stimulus programs. This was done to allow the…

The now passed GOP/Trump tax bill contains a little known but important $500 credit for non-child dependents - e.g elderly or disabled dependents or children over 17. This credit is to provide some relief to those families who will lose the now defunct personal exemption and are not eligible for the expanded Child Tax…

The Child Tax Credit (CTC) is $2,200 per qualifying child for the 2026 tax year, following the One Big Beautiful Bill (OBBB) signed in 2025. That $200 increase from the prior $2,000 level is now locked in permanently and indexed for inflation going forward. For most families, not much has…