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This bipartisan legislation would give immediate tax breaks averaging about $700 to eight million working families with children this year and build more affordable homes to lower rents—without raising the deficit. The expansion of the Child Tax Credit is expected to cost around $33.5 billion over three years
Tax Relief Act 2025 Status Leonard Russell The legislation locks in $600 billion of pro-growth. 179 deduction limitation, among other business-friendly provisions. This title modifies the calculation of the refundable portion of the child tax credit to require the multiplication of the credit amount in calendar years 2023-2025 by the number of qualifying children.
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