Trump, child tax credit and House
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House Republicans released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.
The child tax credit could get boosted to $2,500 under a Republican proposal. But millions of children would be excluded.
The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married parents who file separate returns.
New York is expanding its child tax credit. The state passed the expansion as part of the budget process, which just wrapped up earlier in May. To get the credit, you need to have been a full-year resident of New York state or married to a full-year resident. Kids under 17 years old qualify.
A new bill introduced in the Ohio House would create a business tax credit for child care benefits similar to a federal credit the bill’s sponsor says is underutilized.