How Massachusetts parents could benefit this year if child tax credit bill passes

Western Massachusetts News, Weather & Sports
498 followers
1 Video View·Feb 2, 2024
In Washington, the House passed a $78 billion tax bill this week that could boost the child tax credit.
Stay informed about Massachusetts news, weather, breaking news and investigations! Follow WWLP on our website and social channels:
https://www.wwlp.com/
https://www.youtube.com/user/wwlp
https://www.facebook.com/WWLP22News
https://twitter.com/WWLP22News
https://www.instagram.com/wwlp22news/
in Washington the house passed a $78
billion tax bill this week that could
boost the child tax credit the bill
would raise the maximum refundable tax
break to $1,800 a child for tax year
2023 that's up from
1,600 the limit would rise again for the
next 2 years parents who earn less than
$200,000 a year or $400,000 for couples
filing jointly and have children 17 and
under qualify for the full child tax
credit Congressman Richard Neil says
these tax cuts will help about 37,000
children in Western Massachusetts alone
and will put more money in the pocket of
the average American
family and I think that that's the big
deal and in a time when I think there's
been a disproportionate amount of uh
influence on tax cuts for people at the
Top This is a tax cut for people in the
middle and at the bottom of the economic
Spectrum the bill now goes to the Senate
if the bill passes soon families filing
their 2023 taxes in the coming weeks
could claim the expanded credit
