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Committee substitute would limit child‑tax credit refundability; JCT estimates ~2 million U.S. children could lose the credit in 2026
Summary
The substitute ties aspects of the child tax credit eligibility and refundability to Social Security number requirements and other earned‑income rules; Joint Committee on Taxation staff estimated about 2 million children with Social Security numbers could be denied the credit in 2026 under current bill language.
The chairman’s amendment in the nature of a substitute makes several changes to the child tax credit and to refundability rules that committee witnesses and members said would reduce benefits for some low‑income families.
Tom Barthold of the Joint Committee on Taxation said the substitute sets the child tax credit at $2,500 for 2025–2028 and modifies refundability and eligibility rules,…
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