The finance committee proposed a 1.75% surcharge on capital gains earnings on individuals making over $1 million and couples ...

Middle-class families could claim $450 in child tax credits under the plan, but the wealthy would be hit with a new ...

With a partisan vote at the end of a long day of closed-door discussions, the committee of the state legislature responsible ...

Under proposals advanced by Connecticut's Finance, Revenue and Bonding Committee, families would see a child tax credit, while the wealthy would pay more taxes.

A new child tax credit could slash middle-class families' tax bills by $450 a year. But a new "millionaire's tax" would pay for it – leading to a budget battle with Gov. Ned Lamont.

For 2022, only up to $1,500 is refundable. The IRS refers to this refundable portion as the additional child tax credit. What Happened to Advance Payments for the Child Tax Credit? A notable ...

So, for example, a family with a 3-year-old toddler who takes the monthly payments will receive $1,800 in advance and then claim an $1,800 child tax credit when they file their 2021 tax return ...

Taxpayers who received advance child tax credit payments in 2021 should have received Letter 6419, sent in late December, which notes the total amount of payment received and the number of ...