Will the US amend the 2023 Child Tax Credit to depend on prior years' income by the end of January?
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The US currently bases its Child Tax Credit payments on the tax filing year's income. Congress is reportedly negotiating a reform that would (additionally) tie its calculation to prior years' income:
This question will resolve TRUE if the US enacts legislation by the end of January 2024 to amend the 2023 Child Tax Credit to be based in part on prior years' income.
This question is managed and resolved by Manifold.
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The Tax Relief for American Families and Workers Act of 2024 released today begins the lookback provision in 2024. https://www.finance.senate.gov/imo/media/doc/the_tax_relief_for_american_families_and_workers_act_of_2024_technical_summary.pdf
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