U.S. Sen. Martha McSally (R-AZ) on Sept. 17 sponsored legislation to expand and make permanent the child tax credit that became law under the federal Tax Cuts and Jobs Act of 2017.
“Having kids is expensive,” Sen. McSally said. “I fought to have the child tax credit doubled and signed into law to ease the financial burden on new parents. My bill would preserve the child tax credit indefinitely, allowing families nationwide to continue to grow.”
Sen. McSally introduced the Child Tax Credit Extension Act, S. 2490, with three Republican cosponsors, including U.S. Sen. Joni Ernst (R-IA), which would make permanent the law’s child tax credit, which was doubled from $1,000 to $2,000 and expanded eligibility for families. The provisions are set to be phased out after 2025 under the current law.
If enacted, S. 2490 also would disallow any credit to a taxpayer “with respect to any qualifying child unless the taxpayer includes the name and Social Security Number of such child on the return of tax for the taxable year,” according to the bill’s text.
Additionally, S. 2490 would permit partial credit for certain other dependents, according to the text of the bill, provided they are residents of the United States.
S. 2490 has been referred to the U.S. Senate Finance Committee for consideration.