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New 2025 Child Tax Credit Announced: How Much Is It?
Source: Kiplinger
Millions of working families rely on family tax credits like the child tax credit (CTC) to support household bills like food, housing, child care, and education.
Claiming these and other federal tax credits and deductions like the adoption credit and the Earned Income Tax Credit (EITC) can lower your tax liability or increase your refund amount.
The IRS has just announced 2025 tax year amounts for these popular credits that you'll use for returns normally filed in early 2026. Here's what you need to know.
For the complete article, click here
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Peter Demian is a highly-rated CPA specializing in accounting and tax services for individuals and businesses across 49 states. He offers expertise in tax strategies and assistance with IRS settlements.
