Tom Cusick, CFP®, Discusses The One Big Beautiful Act Child Tax Credit Changes

child tax credit OBBA

How much could your family save with the new Child Tax Credit?

Tom Cusick, CFP®, discusses how the One Big Beautiful Act increases the Child Tax Credit to $2,200 per child through 2028, giving families a boost compared to the $1,000 credit that was set to return in 2026. From 2028 forward, the credit will revert to $2,000 per child, but it will be indexed for inflation, allowing the benefit to grow over time.

It’s important to note that phase-out limits still apply, and timing income properly can help you maximize the credit. Qualifying taxpayers and children must also have work-eligible social security numbers.

The One Big Beautiful Act opens the door to new ways to plan for your family’s financial future. Our advisors are ready to help you take advantage of every benefit and to guide you each step of the way. Contact us today to get started: https://www.kellyria.com/contact.