Family First Act

The Family First Act would permanently expand the child tax credit by increasing the base credit amount to $4,200 for each qualifying child under age 6 and $3,000 for each qualifying child aged 6 to 16, with the credit phased in based on income and subject to inflation adjustments starting after 2026. It would make the credit fully refundable, limit it to a maximum of six qualifying children per taxpayer, and require taxpayers to provide Social Security numbers for themselves and each qualifying child to claim the credit. The bill also modifies provisions related to Puerto Rico and other U.S. territories to ensure residents can claim the credit under similar rules.

AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.