Parents with children under 17 can currently claim a child tax credit of up to $2,000 per child for the 2024 tax year.
If Congress doesn't address the soon-expiring expanded child tax credit, parents could see a higher tax bill in the coming years.
A family that owes $800 in taxes and qualifies for a $2,000 CTC benefit could receive a $1,200 refund, for example. Taxpayers with children who don't earn enough money to be required to file a tax ...