House passes 3-year ACA tax credit extension
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For the 2025 tax year, the CTC is seeing changes as part of President Trump’s tax and spending bill, often referred to as the “ big beautiful bill.” The legislation, enacted on July 4, 2025, increases the maximum credit from $2,000 to $2,200 per child and indexes the amount to inflation.
Not all of the credit is refundable, but a significant portion still is. The IRS says the refundable share of the Child Tax Credit will be $1,700 for 2026, unchanged from 2025. This refundable amount is what families can receive back as a refund if their total tax bill is smaller than the credit they qualify for.
Chalkbeat reports on the federal tax-credit scholarship program, raising questions on its impact on public education and private school funding.
Explore how tax relief programs can help you lower your tax bill and settle debts. Learn about deductions, credits, and exclusions aimed at easing your tax burden.
The One Big Beautiful Bill Act is making several major impacts on 2026 tax returns. Here are six notable changes that filers should know about for a bigger return.
The Child Tax Credit and the Additional Child Tax Credit can be a helpful moneysaver for parents and guardians.
In the state of Ohio, taxpayers can receive a tax credit from their personal donations to non-profit organizations.