Child Tax Credit: Harris plans to a increase it. #taxes #kamalaharris #2024elections #vote

under the Biden Administration the child tax credit in 2021 it expanded to 3,600 per child cuz that was when Co was happening but now it's back to the 2,000 per child and vice president Harris wants to increase it again we will provide $6,000 in tax relief to families during the first year of a child's life the cool part about the child tax credit is that it is considered a refundable credit what does that mean that means that even if your tax liability is zero and you have the child tax credit it will give you a refund so that's what they mean by refundable credits if you owe taxes then that child tax credit that amount of money will be added to that to lessen the amount that you owed and then if you owe zero then it actually comes to you as a refund