Will the US enact legislation to inflation-index the Child Tax Credit in before the 2023 tax filing deadline?
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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 indexing the Child Tax Credit to inflation beginning in 2024 (Sec. 103).
This will resolve TRUE if, by 2024-04-15 (the 2023 tax filing deadline), the US enacts legislation that inflation-indexes the Child Tax Credit beginning in 2024. If the US extends the tax filing deadline, I will extend the market accordingly.
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