Ever since Vice President Kamala Harris became the Democratic nominee for the 2024 presidential election, there has been interest in how her potential administration might handle tax policy — particularly aspects impacting families and children. The addition of Minnesota Gov. Tim Walz as Harris' running mate has bolstered speculation that the two will focus on policies to support middle-class families.
One area receiving attention is the child tax credit (CTC), an important financial benefit for many families. For the 2024 tax year, the CTC remains at $2,000 per qualifying child. The refundable portion of the credit has increased to $1,700 per child, up from $1,600 last year.
