Скачать или смотреть Parents Rejoice! The Bigger & More Refundable Child Tax Credit Explained

Welcome back to Coffee with CRS! In Episode 3 of our 2025 Tax Act series, we're covering the major boost for families: the Expanded Child Tax Credit*! This credit is now *$2,200 per qualifying child and, even better, a larger portion is *REFUNDABLE*, meaning more cash back for your family, even if you don't owe taxes. Find out if you qualify!

Paul and Jody are discussing the new rules under the "Big Beautiful Bill" that make a huge difference for parents. The Child Tax Credit is now larger and more accessible. We also cover other important family tax benefits designed to help with major life events like adoption and education.

WHAT'S COVERED IN THIS EPISODE:
The increase of the Child Tax Credit to $2,200 per child for 2025.
How the credit is more refundable*, including a detailed example of a *$3,000 refund scenario.
The higher income limits for eligibility (up to $400k for married couples).
The Adoption Credit is now more generous.
The permanent exclusion of employer-provided student loan assistance from taxable income.
New options for using Health Reimbursement Arrangements (HRAs) for family medical expenses.

TIMESTAMPS ###
0:00 - Welcome & Episode Introduction
0:15 - What's New with the **Child Tax Credit**?
0:27 - The $2,200 Credit & its Refundable status explained
0:40 - Example: How the refundable credit results in a tax refund
1:09 - New, higher Income Limits (Are you a rock star?)
1:29 - Other Family Benefits in the Tax Act
1:31 - More generous Adoption Credit
1:35 - Student Loan Assistance is now permanently tax-free
1:47 - New options for HRAs
2:01 - Sneak Peek at the next episode (Tips & Overtime Deductions)

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HASHTAGS ###
#ChildTaxCredit #FamilyTaxBenefits #2025TaxAct #RefundableCredit #TaxRefund #AdoptionCredit #StudentLoanDebt #TaxBreaks #TaxHelpForParents