What Does a Trump Administration Mean for Your Child Tax Credit Money? [CNET News]
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now these proposals are getting a major new spotlight following the 2024 presidential election and with the credit's reduction set for 2025. Vice President Kamala Harris, the Democratic nominee, made the expansion of the credit, especially for families with newborns, a major part of her economic platform, but the future of it now lies in the hands of President-elect Donald Trump's forthcoming administration. Trump, as well as his running mate, Sen. JD Vance, have floated similar hopes about expanding the credit, though these ideas have been less concrete, with a recent New York Times report shedding light on the disparity between their views and Harris's. Read on to find out what might become of the child tax credit in the near future. For more information on taxes, find out how the IRS is handling payment apps moving forward and what shifting tax brackets might mean for you What is the child tax credit? The child tax credit offers an amount of tax relief to parents for each c
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