The House has passed legislation that would require taxpayers to provide a Social Security number to claim the Child Tax Credit in an effort to discourage fraud, as well as adjust the amount of the credit for inflation.
The bill, H.R. 4936, the Child Tax Credit Improvement Act, would index for inflation the amount of the refundable tax credit, which is currently set at $1,000. The legislation was introduced by Rep. Sam Johnson, R-Texas.
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