Millions of kids could lose the Child Tax Credit under GOP budget bill
Republican tax bill requires both parents to have a Social Security number to qualify for the Child Tax Credit, a policy shift that would make millions of kids ineligible.
Child Tax Credit
Walz and Vance address child care concerns
During Tuesday's VP debate, CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan asked Minnesota Gov. Tim Walz and Ohio Sen. JD Vance about how their administrations would approach child care issues, the paid family leave model and more.
Walz, Vance lay out campaigns' economic plans
The Wharton School says Harris and Trump campaigns' economic proposals would increase the national deficit. "CBS Evening News" anchor and managing editor Norah O'Donnell asked Minnesota Gov. Tim Walz and Ohio Sen. JD Vance how they would pay for the plans without ballooning the deficit.
Why boosting the Child Tax Credit has become a key issue for Harris, Trump
Government figures show it now costs more than $300,000 to raise a child from birth to age 18.
Harris and Trump push for Child Tax Credit hike
Government figures show it now costs more than $300,000 to raise a child from birth to age 18. Since 1997, the federal child tax credit has been helping parents save a little bit of that money. Now, both the Harris and Trump campaigns are proposing supersized versions of the tax break. Nancy Cordes reports.
Here's what to know about Harris' plan for a $6,000 newborn credit
Harris also wants to restore the pandemic's expanded Child Tax Credit. That could help millions of families, but cost $1.6 trillion.
Kamala Harris' economy plan details
Vice President Kamala Harris rolled out her plan to address specific economic policies Friday while campaigning in Raleigh, North Carolina. Her proposals include subsidizing low-wage workers and families with children. Harris also proposed some benefits for first-time homebuyers. CBS News' Nancy Cordes reports and David Wessel, a senior fellow in economic studies at Brookings, breaks down how economists may view some of the proposals.
Kamala Harris unveiling economic plan
Vice President Kamala Harris will lay out the details of her economic plan and proposed policies if she is elected president in November. CBS News chief White House correspondent Nancy Cordes previews the campaign event in Raleigh, North Carolina.
JD Vance wants a $5,000 Child Tax Credit. Here's what to know.
Senator JD Vance says he wants to boost the Child Tax Credit to $5,000 from its current $2,000. But that could come with a big price tag.
Vance calls for Child Tax Credit increase
Sen. JD Vance suggested on "Face the Nation" that he'd like to see the Child Tax Credit increased to $5,000. CBS News congressional correspondent Nikole Killion has more on Vance's proposal, which comes after he skipped a failed Senate vote on expanding the benefit earlier this month.
Child Tax Credit could be expanded
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
Senate fails to advance major tax bill that would expand Child Tax Credit
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition.
Tax Day is here, but the expanded Child Tax Credit hasn't materialized
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
House approves Child Tax Credit expansion. Here's who could benefit.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
Economy outgrew expectations in 4th quarter
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
Child tax credit expansion deal reached
The 2021 child tax credit expansion positively impacted poverty rates in the United States during the pandemic. CBS News' Lana Zak is looking at the new benefits behind a proposed plan expansion, which would incrementally increase funds for qualified parents.
Here's who would benefit from new deal to expand the Child Tax Credit
One analysis said bipartisan deal in Congress would boost the tax credit for 16 million children, lifting some out of poverty.
Expert tips on preparing for next tax season
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
Tips for last-minute tax filers
The deadline to submit your taxes is Tuesday. Mark Steber, a senior vice president and chief tax information officer at Jackson Hewitt Tax Service, joined "CBS News Mornings" with tips for last-minute filers and advice for making the process go as smoothly as possible.
Explaining the Child Tax Credit
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
Here's what to know if you haven't filed your tax return yet
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Americans may get a tax refund shock this year
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Why some Americans may get a smaller tax refund this year
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
9 million people have one day to claim U.S. stimulus checks
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
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COVID cases and hospitalizations rising again in U.S.; Future of enhanced child tax credit up in the air
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