IRS Ready to Boost Tax Refunds for Eligible U.S. Taxpayers with Child Tax Credit Changes!

IRS Commissioner Assures Swift Action for U.S. Taxpayers on Child Tax Credit

Potential Boost for U.S. Taxpayers with Child Tax Credit Adjustments

According to Finger Lakes, IRS Commissioner Danny Werfel said they’re ready to quickly make any changes to the child tax credit approved by the government. This could mean more money for qualified U.S. taxpayers. The changes are part of a bill called the Tax Relief for American Families and Workers Act which passed in the U.S. House but needs Senate approval. Werfel thinks they can make the changes in six to twelve weeks after approval.

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IRS Ready to Boost Tax Refunds for Eligible U.S. Taxpayers with Child Tax Credit Changes! (photo: WCNC)

Proposed Changes to Child Tax Credit Hold Promise for Eligible U.S. Taxpayers

If the changes get approved, they could really help U.S. taxpayers who qualify. The child tax credit isn’t as big as it was in 2021. They might change how they calculate the credit and give more money per child. This shows they’re trying to help U.S. taxpayers during tough times like the COVID-19 pandemic.

READ ALSO: Dependents Equal Tax Savings: A Helping Hand For Family Finances