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The Daily Yonder takes a closer look at a proposed expansion of the child tax credit that would make families with lower incomes eligible. Changes in child tax credit would have outsized impact on ...
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The child tax credit under the Tax Cuts and Jobs Act of 2017. Top plateau would be higher for more children. Under the Tax Cuts and Jobs Act of 2017 (TCJA), for the years 2018–2025 (excluding 2021, see below section Temporary Expansion in 2021) the CTC allows taxpayers to reduce their federal tax liabilities by $2,000 per qualifying child (see Eligibility).
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When a taxpayer's credit value exceeds his or her tax liability, the taxpayer is eligible for the additional child tax credit (ACTC), which is calculated as 15% of the taxpayer's AGI in excess of $2,500 (i.e. a family must make at least $2,500 to be eligible for the credit), with the refund value capped at $1,400.
The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
WASHINGTON — Congressional leaders are closing in on a $70 billion bipartisan and bicameral deal that would expand the child tax credit and provide tax breaks for business through 2025, three ...
Director of the Ohio Environmental Protection Agency: Craig W. Butler; Director of the Ohio Department of Health: Director Lance Himes; Director of the Office of Information Technology: Chief Information Officer Stu Davis; Director of the Ohio Department of Insurance: Judith L. French; Director of the Ohio Department of Job and Family Services ...