
On July 4, 2025, President Donald Trump signed the GOP's long-anticipated tax cuts and spending package, and it includes changes to the federal child tax credit (CTC).
At the centerpiece of the legislative tax proposal known as the “One Big Beautiful Bill (OBBB) makes Trump’s 2017 Tax Cuts and Jobs Act (TCJA) permanent. The bill also increases the CTC from its current top rate of $2,000 to $2,200 starting this year, in 2025. Recipients must have a Social Security number.