By Julie Zauzmer WeilSocial Security recipients, people who earn tips and many businesses could see lower IRS bills if all of Donald Trump’s tax policy ideas come to fruition. Parents During his first term, Trump doubled the child tax credit from a maximum of $1,000 per child to $2,000 per child as part of his landmark 2017 tax law. While his running mate, Sen. JD Vance (R-Ohio), endorsed an even larger child tax credit, Trump’s campaign said he would like to extend the $2,000 credit. DisclaimerThe information contained in South Florida Reporter is for general information purposes only. The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.

Source: Washington Post November 08, 2024 07:21 UTC