March 11, 2024
How Many Forms of “Wage Insurance” Do We Need, Exactly?
One of the most controversial policies included in H. R. 7024, the “Tax Relief for American Families and Workers Act” that passed the House on January 31, is a provision that would expand the “lookback” to determine eligibility for the child tax credit (CTC). Under current law, adults claiming the CTC for a tax year…