Trump, Social Security and Tax Cut
Digest more
Top News
Overview
Impacts
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
The 2017 tax cuts temporarily boosted the maximum child tax credit to $2,000 from $1,000. The House-passed bill makes the $2,000 credit permanent and also raises the maximum credit to $2,500 from 2025 through 2028. After 2028, the maximum credit would drop back down to $2,000 and be indexed to inflation.