As Senate Republicans race to pass President Donald Trump’s “big beautiful” spending bill, key provisions, including the child tax credit, could change amid Senate-House negotiations.
The Tax Cuts and Jobs Act, or TCJA, of 2017, temporarily boosted the maximum child tax credit to $2,000 from $1,000, which will expire after 2025 without action from Congress.
If enacted, the Senate bill would permanently increase the biggest credit to $2,200 starting in 2025, according to a draft of the text released on Monday. The measure would also index this figure for inflation after 2025.
By comparison, the House-approved bill would boost the top child tax credit to $2,500 from 2025 through 2028. After that, the credit’s highest value would drop to $2,000 and be indexed for inflation.
‘SALT’ deduction in limbo as Senate Republicans unveil tax plan
