US EditionHave Children? How the ‘Big, Beautiful Bill’ Could Affect You
UNITED STATES, JUL 8 – The new 1% excise tax on remittances is expected to raise about $10 billion in federal revenue and may reduce funds for Jamaican families relying on diaspora support.
- A new child tax credit is set to increase from $2,000 to $2,200, beginning in 2026, as part of President Donald Trump's tax and spending package.
- The changes to the child tax credit introduce requirements for parents and guardians to have a Social Security number, affecting an estimated 2.7 million potential beneficiaries.
- An analysis indicates that 19 million children will not receive the full benefit due to new eligibility parameters, compared to 17 million under current rules.
- The legislation will add approximately $3.3 trillion to the federal deficit over the next ten years, according to the Congressional Budget Office.
12 Articles
12 Articles
The child tax credit is changing. Here’s what it means for families
A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — and which families can receive it. With his tax and spending package, President Donald Trump passed a permanent change to the child tax credit spearheaded by congressional Republicans. It goes into effect for families filing income tax returns in 2026. The changes increase the total amount of the tax credit from $2,000…
The child tax credit is changing. Here’s what it means for your family.
A new child tax credit is coming next year, bringing significant changes that will alter how much assistance families receive — and which families can receive it. With his tax and spending package, President Donald Trump passed a permanent change to the child tax credit spearheaded by congressional Republicans. It goes into effect for families filing income tax returns in 2026. The changes increase the total amount of the tax credit from $2,000…
Coverage Details
Bias Distribution
- 56% of the sources are Center
To view factuality data please Upgrade to Premium
