#child-tax-credit

#child-tax-credit

“Every year, moms and dads await their $2,000 check. Let’s make it monthly. That’s the way that families budget month to month. It’s much easier to budget if you’re getting your payment broken up in 12 monthly payments. And we’re going to expand it. That’s why I’m calling it the mom’s monthly bonus.”

When you sell a home you've been living in for at least 2 of the past 5 years, you may qualify to exclude from your taxable income up to $250,000 of profit from the sale of your home if you're single or $500,000 if you're married.

As Congress debates major tax reforms, a proven anti-poverty tool hangs in the balance: the child tax credit.