While last year’s push to expand the enhanced Child Tax Credit benefits was unsuccessful, it appears that lawmakers haven’t given up the fight just yet — so there could still be hope for monthly tax credit payments in 2022. CLICK ON THE HEADLINE FOR MORE
President Biden just spoke about a wide range of issues including legislation he would like to see passed by Congress in 2022. He referred to both the Child Tax Credit and the Community College Plan as “massive things” but wasn’t sure he’d be able to get either a credit extension or his community college plan into the Build Back Better legislation. CLICK ON THE HEADLINE FOR MORE
Without further congressional action, the child tax credit will revert back to $2,000. The monthly installments will end. And according to a growing chorus of advocates, that’s unacceptable. Leading the charge is President Joe Biden who included a proposal to extend the enhanced child tax credit through Dec. 31, 2022, in his Build Back Better plan. CLICK ON THE HEADLINE FOR MORE
The framework for the Build Back Better Act includes thousands of dollars in tax credits and federal assistance for millions of Americans. For the eight ways that the legislation could put money in your pocket and help you save, CLICK ON THE HEADLINE