S. 5256, titled the "Family Security Act," aims to modify the Internal Revenue Code to make the child tax credit more beneficial by increasing the credit amounts and making them fully refundable, starting in 2026. The bill also introduces a credit for pregnant mothers, starting at a...
Simple Explanation
The "Family Security Act" is a plan to give more money back to families with kids and moms-to-be, but it takes away some money-saving options for people who file taxes in certain ways.