This week is all about family and giving thanks, which is why we’re thankful the Tax Cuts and Jobs Act puts American families first:
The House bill takes the child credit from $1,000 to $1,600, below the $1,800 or $2,000 that Messrs. Rubio and Lee want. The House bill also creates a new $300 credit for each person in a filer’s family who isn’t a child, including the primary taxpayer and non-child dependents such as college students. For example, a married couple with two children in 2018 and making $60,000 would see their tax bill drop to $472 from $1,608.
What a perfect reason to be thankful.