By Utah Valley Times |
Sep 26, 2024
U.S. Senator Mitt Romney (R-UT) has introduced the Family Security Act, a piece of legislation aimed at reforming the Child Tax Credit. The bill seeks to modernize and streamline federal policies into an expanded Child Tax Credit for working families. The proposed changes include increasing the Child Tax Credit to $4,200 for each young child and $3,000 for each school-aged child. Additionally, it introduces a new $2,800 tax credit for expecting parents.