01/20/2024
NEW TAX CREDITS ALERT!!!!!π΅π΅π΅π΅π°π°π°
THIS NEW LAW COULD GO INTO AFFECT AS SOON AS JANUARY 29 or FEBRUARY 1st!!!!
The new $78 billion tax bill aims to enhance the child tax credit. Key changes include:
1. Increasing the maximum refundable amount to $1,800 for the 2023 tax year, $1,900 in 2024, and $2,000 in 2025.
2. Adjusting the way the refundable credit is calculated, now based on multiplying earned income by 15% and then by the number of qualifying children for 2023, 2024, and 2025.
3. Allowing families to use the previous year's earned income for calculating the maximum child tax credit for the 2024 and 2025 tax years.
These changes are designed to provide more generous benefits to parents and could potentially lift nearly half a million children out of poverty in the first year!
Click the link when youβre ready to book your appointment:
Book an Appointment with Carter Tax and Financial Services
https://carterfinancialllc.setmore.com/36exch
Or HERE:
https://go.cartertaxandfinancialservices.com/?fbclid=PAAaa6MmGdmqTLQa-a1Q-P5dIc2hu9lWN61gE_pdbUicOqvPfbDPqW3JB76XU_aem_Afz1lmJCa51ga7i-vYndyuZiDUd-S5uSt54BfEx4E_VOcJM1_j9-JVTvJEL9iS-Pf-s