What's Happening With the New Child Tax Credit?

The Senate hasn't passed the new child tax credit. Will it happen?

US Capitol building
(Image credit: Getty Images)

At the beginning of 2024, the U.S. House of Representatives passed $78 billion tax legislation that includes a newly expanded child tax credit (CTC) and various tax breaks for businesses.

Since then, the bipartisan tax package has been stalled in the U.S. Senate. Hope that the new child tax credit will become law, is dwindling.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.