No Struggle, No Progress
No Struggle, No Progress
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Many families are eagerly awaiting Congress's decision on whether to expand the child tax credit under the Tax Relief for American Families and Workers Act of 2024. Financial experts suggest that this tax credit could result in a substantial tax refund or deduction, potentially amounting to nearly $2,000 per child. Leveraging these funds effectively could help families overcome various financial barriers and progress towards economic stability, noted Joyce James, founder of the Middleburg Institute. Since October, this nonprofit organization...
Many families are still waiting on Congress to decide if it will expand the child tax credit as part of the Tax Relief for American Families and Workers Act of 2024. Financial educators say the tax credit could result in a significant tax refund or tax deduction of nearly $2,000 for each child. Knowing how to leverage the funds could help families overcome barriers and move toward economic security, said Joyce James, founder of the Middleburg Institute. Since October, the nonprofit organization has coordinated child tax credit awareness worksho...
