Will the US amend the 2024 Additional Child Tax Credit to depend on prior years' income before the 2023 filing deadline?
9
Ṁ110Ṁ1.1kresolved Apr 16
Resolved
NO1H
6H
1D
1W
1M
ALL
On January 19, 2024, the US House Ways and Means Committee approved H.R.7024 - Tax Relief for American Families and Workers Act of 2024. This bill makes four changes to the Child Tax Credit (CTC), including allowing filers to use the prior year's earnings to calculate the Additional Child Tax Credit (the refundable component) beginning in tax year 2024 (looking back to 2023 earnings).
This will resolve TRUE if, by 2024-04-15 (the 2023 tax filing deadline), the US enacts legislation to allow filers to use the prior year's earnings in computing the 2024 Additional Child Tax Credit. If the US extends the tax filing deadline, I will extend the market accordingly.
This question is managed and resolved by Manifold.
Market context
Get 
1,000 to start trading!
1,000🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ33 | |
| 2 | Ṁ22 | |
| 3 | Ṁ14 | |
| 4 | Ṁ2 | |
| 5 | Ṁ0 |
People are also trading
Related questions
Will the US continue to use a Standard Deduction in determining income tax by end of 2030?
87% chance
Will filing taxes in the US be substantially easier in 2028 than 2023?
60% chance
Will the proposed 5,000$ per child tax credit be signed into law before November 7 2028?
19% chance
Will the US give out a stimulus check in 2026?
22% chance
Will Congress ameliorate the ACA subsidy cliff for the 2026 tax year?
34% chance
Will the "Stepped Up Basis" rule be eliminated in the US federal tax code before 2035?
31% chance
Will the US enact a federal compute tax before 2030?
21% chance
Will the United States pass a federal wealth tax before January 1st, 2030?
9% chance
Will real median income for family households in the US be higher in 2028 than in 2024?
65% chance