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Benzinga
Benzinga
Business
Kaili Killpack

Nearly 5 Million U.S. Citizen Kids Could Lose Child Tax Credit Thanks To New SSN Rule In Tax Law

Group,Of,Baby,Children,Playing,Toys,On,Lifestyle,Floor,Indoors.

A provision to the new tax law signed by President Donald Trump recently could make millions of U.S. citizen children ineligible for the federal child tax credit — not because of their own status, but because of their parents'.

The One Big Beautiful Bill Act makes several changes to the tax code, including a boost in the maximum CTC from $2,000 to $2,200 starting in 2025. 

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