WASHINGTON — There is a bipartisan push in the U.S. Congress to expand the federal child tax credit.
▶ WATCH CHANNEL 9 EYEWITNESS NEWS
It could benefit about 16 million kids.
The proposal would extend the credit for three more years, and provide more benefits for lower-income families.
Read: IRS announces the official start of the 2024 tax season, find out the earliest you can file
However, it would cost about $35 billion, and some critics say the plan would weaken the economy.
The bill needs to pass both the Republican-led House and Democrat-led Senate to become law.
Read: IRS launches service that allows millions to file online for free
Tax season starts Jan. 29.
See more in the video above.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
©2024 Cox Media Group
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/RTFCAZ3WFZGQZOIDJY6NBYZLGA.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/LVVNB75CZRCXDFLBWCJ2WON2BM.jpeg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/AR3VS7UD7NGMVIV55VFHGGTGFE.jpg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/CBIXECCR2FAQTI6WBLCCBSSFBI.jpeg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/cmg/MZAAJEGIWZB3VPHFHK7PPKEE3Y.jpg)