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The better refundable part of the son taxation borrowing will become long lasting and to switch to possess rising prices. You to area, referred to as a lot more son taxation borrowing, is definitely worth as much as $step 1,700 to have 2025. The newest regulations forever shocks the greatest borrowing to help you $2,two hundred from 2025 and you may spiders which shape for inflation doing within the 2026. Trump’s 2017 tax cuts temporarily raised the restrict kid tax credit to $2,100000 from $step one,000, a rise that would features sunset once 2025 instead an extension out of Congress.
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