Ctc For 2024 Tax Year. At the beginning of march 2023, president biden’s proposed budget for 2024 includes a plan to. See how the latest budget impacts your tax calculation.

The child tax credit is a provision of the tax code that reduces tax liability up to $2,000 in credit per child. Under the proposed bill, the maximum refundable amount per child would rise to $1,800 in 2023, $1,900 in 2024 and $2,000 in 2025.