"Understanding the Potential Recipients of the Expanded Child Tax Credit"

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Source: WOODTV.com
"Understanding the Potential Recipients of the Expanded Child Tax Credit"
Photo: WOODTV.com
TL;DR Summary

The House has passed a bill to expand the child tax credit, with changes that would particularly benefit low-income families, potentially providing a tax cut for those earning less than $21,000 a year. The bill faces uncertainty in the Senate, with some Republicans expressing reluctance due to concerns about the credit being available to migrants. If passed, the bill could also enhance a tax credit for the construction or rehabilitation of rental housing targeted at lower-income households.

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