A Child Tax Credit Expansion Is Stuck in the Senate—Here’s Why

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A Child Tax Credit Expansion Is Stuck in the Senate—Here’s Why

WASHINGTON—Legislation to expand the Child Tax Credit is currently stalled in the Senate amid deep disagreements about its passage before the 2024 election. The federal Child Tax Credit was first introduced in 1997 and, presently, allows parents with children aged 17 and under to write off up to $2,000 per child on their annual tax burden, of which $1,600 is refundable. The credit was temporarily expanded to $3,000 for the year 2021 and made ful…