Ctc 2024 Update
The amount would rise to $1,900 in 2024 and $2,000 in 2025. The “tax relief for american families and workers act of 2024” aimed to significantly increase the ctc.
Only a portion is refundable this year, up to $1,600 per child. The current ctc limits their qualifying earnings to $10,500 because their first $2,500 of income isn’t counted.