Tax Cut, big beautiful bill
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The newly passed Big Beautiful Bill drives changes to individual benefits related to energy efficiency, including the repeal of green energy tax credits for energy vehicles (EVs). The Senate legislation,
The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number. Those with lower incomes will not benefit as much because they make too little and the tax credit is not fully refundable.