Child tax credits are at risk and that's bad news for families

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Child Tax Credit has never come close to reimbursing parents for the majority of child-related costs, but it is nevertheless a practical reduction of burden that honors the important work of parents and families.

Child tax credits are at risk and that’s bad news for familiesIn this undated photo provided by Dalaine Bradley, Ahmad Waller, 11, Zion Waller, 10, and Drew Waller, 7, left to right, study during homeschooling, in Raleigh, N.C. As a homeschool dad, I can tell you that there are many cliches about homeschoolers that are not accurate. For example: Despite the “unsocialized homeschooler” stereotype, homeschoolers are often some of the most well-adjusted kids you’ll ever meet.

While it’s impossible to quantify the life-giving blessing and life-changing responsibility that children bring, it’s an undeniable fact that kids are expensive to raise — and, a national advocacy organization that seeks to advance homeschool freedom. I am also a homeschool graduate and a dad of three homeschooled students.. This is the standard tax break that reduces the taxable income of families with kids, allowing those families to keep more of their hard-earned money in their pockets.

The choice to homeschool comes at a cost. Homeschool parents enthusiastically embrace these sacrifices because they love their kids and want to provide them with the best possible education. But their enthusiasm does not make these costs any less real. Families spend a huge portion of their budgets on their kids. Letting them find some relief makes sense! But we don’t believe that freedom is an appropriate trade-off.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tax day is here, but the expanded Child Tax Credit never materializedAfter passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
Source: CBSHealth - 🏆 480. / 51 Read more »

How Senate Republicans killed the child tax credit and made Tax Day 2024 worse for familiesJames Downie is a writer and editor for MSNBC Daily. He was an editor and columnist for The Washington Post and has also written for The New Republic and Foreign Policy.
Source: MSNBC - 🏆 469. / 51 Read more »

Wyden to file bipartisan child tax credit and business plan as amendment in FAA billSen. Ron Wyden (D-OR) will file a bipartisan tax bill that has already passed the House as an amendment in the FAA Reauthorization act.
Source: dcexaminer - 🏆 6. / 94 Read more »

Uncertainty Surrounds Expansion of Child Tax CreditThe expansion of the federal Child Tax Credit, which could have lifted hundreds of thousands of children out of poverty, has failed to materialize and its future remains uncertain. The bill, known as the Tax Relief for American Families and Workers Act of 2024, passed the House with bipartisan support but is currently stuck in the Senate. Some parents were hopeful for the provision that could have increased their refund for the 2023 taxes.
Source: cbschicago - 🏆 546. / 51 Read more »

New EV Tax Credit Changes Could Make More Vehicles EligibleThe US government has updated the clean vehicle tax credit to exclude some hard to trace battery materials
Source: Carscoop - 🏆 306. / 63 Read more »

U.S. Government Delays Even-Stricter EV Tax Credit RulesVehicles were set to become ineligible for the tax credit in 2025 if their batteries contained Chinese-sourced graphite. The new rules delay that requirement.
Source: InsideEVs - 🏆 579. / 51 Read more »