Biden Plan For Child Tax Credit. Presently, the child tax credit is worth $2,000 per kid under the age of 17 who you claim as a dependent and who has a social security number. Biden's plan would raise tax revenue by $3.3 trillion over the next decade on a conventional basis.
But poverty experts say its expansion of the child tax credit may prove even more significant.
While biden's plan with $2,000 checks will certainly provide some relief, the proposal is also expected to include a significant expansion of an existing tax credit for children. Here's what parents need to know. Biden's $3,000 (or $3,600) child credit proposal. House democrats are working on legislation proposed by president joe biden to expand the existing child tax credit, directing the irs to send recurring monthly payments to american families, a source familiar with the matter confirmed to cnn.
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