Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies
CPA Practice
JUNE 20, 2023
That’s up from the current maximum $2,000 benefit, which is only paid out at tax time. There was also an option to take some or all of the credit as a lump sum when filing annual tax returns. Sherrod Brown, D-Ohio, is the lead sponsor, and it has 40 co-sponsors including Finance Chair Ron Wyden, D-Ore.,
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