Series Episode 03 | One Big Beautiful Bill
Major update for families: Child tax credit increase!
The One Big Beautiful Bill Act, signed on July 4, 2025, brings a significant boost to the Child Tax Credit (CTC), now up to $2,200 per qualifying child, permanently indexed for inflation starting in 2026.
Key details:
- Refundable portion: $1,400, also inflation-adjusted
- Income limits:
- Single filers: Up to $200,000
- Married filers: Up to $400,000
- Extra benefit: $500 nonrefundable credit for qualifying dependents such as college students or elderly parents
Bottom line: More money in your pocket and a simpler tax process, without sacrificing compliance or precision.
Curious how this impacts your refund?
Contact Leader CPA to schedule a consultation, and follow us for more valuable tax updates.
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