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Mark Angel's Blog – July 2022 Archive (1)

How Will the Child Tax Credit Changes Affect You in 2022?

The child tax credit is a popular tax break for families with young children. The credit helps offset the cost of raising a child by reducing your federal income tax bill. The child tax credit is scheduled to expire at the end of 2022. If the child tax credit were to expire, it would cost the government an estimated $1.4 trillion over the next 10 years. The proposed changes to the child tax credit will increase the amount of credit available to families with children and make the credit more…

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Added by Mark Angel on July 12, 2022 at 2:37pm — No Comments

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