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The child tax credit may expand in 2024. Here's what it means for you.

Congressional negotiators announced a roughly $80 billion deal on Tuesday to expand the federal child tax credit that, if it becomes law, would make the program more generous, primarily for low-income parents, as soon as this year. The bipartisan agreement was reached by Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason T. Smith (R-Mo.), who had been trying to finalize a deal for months. But any bill's path to passage remains uncertain, partic ....

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