H. R. 1425 aims to make significant changes to the child tax credit in the United States. The bill seeks to increase the credit amount from $1,000 to $5,000, make it fully refundable, and remove income limitations for eligibility. Additionally, it would eliminate certain...
Simple Explanation
The bill wants to give more money to families with kids by raising the child tax credit from $1,000 to $5,000, making it so everyone can get the money back even if they don't pay taxes, and letting all families get it, no matter how much money they earn.