H.R. 10282
Lowers earnings needed for refundable child tax credit
Parents could get the refundable part of the child tax credit after earning $1 instead of $3,000, starting with tax years that begin after December 31, 2025.
- The earnings a parent must have to get the refundable credit drops from $3,000 to $1
- The change applies to tax years starting after December 31, 2025
- A related part of the tax code about the credit would be removed
In committee