The 19th spotlights what could potentially happen to the child tax credit once presidential-elect Donald Trump takes office.

Currently, the credit is good for up to $2,000 per dependent child on your taxes. That full amount is "nonrefundable," meaning that you can only receive that much to lower your tax burden. However, up to $1,700 per child can be claimed as a "refundable" credit, meaning that it can be used to increase the amount you receive for your tax refund.

Child tax credits benefit parents and guardians when they file their yearly tax returns and typically provide a set amount per dependent child.

Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York’s child tax credit that would give an annual tax credit up to $1,

A proposal to expand New York’s child tax credit would give families more money per child, Gov. Kathy Hochul announced on Monday. Families with children under 4 years old who get the annual Empire State child credit would be eligible for up to $1,

Welcoming a new child into your family in 2024 brings joy and challenges, including navigating the complexities of tax season. While it may not be your top priority, understanding the potential tax benefits can ease your financial burden.

The non-refundable tax break can help working families afford quality care for their child or qualifying dependent.