\n<\/p>\n
Halfpoint Images | Moment | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
As President Donald Trump<\/a> embraces more policy focused on affordability<\/a>, some lawmakers have pushed to expand tax credits<\/a> for families.\u00a0\u00a0<\/p>\n The Republican Study Committee this week released a framework<\/a> for a second budget bill, known as \u201cReconciliation 2.0,\u201d which outlines priorities like homeownership<\/a>, health care<\/a>, energy prices and financial support for families.\u00a0Another reconciliation bill has support<\/a> from House Speaker Mike Johnson and House Budget Committee Chairman Jodey Arrington<\/a>, R-Texas., among others. <\/p>\n One proposal from the framework would expand access to the child and dependent care tax credit<\/a>, or CDCTC, which partially offsets up to $6,000 of care expenses for two or more \u201cqualifying individuals\u201d \u2014 typically children under age 13<\/a> \u2014 when parents who file taxes jointly both work. <\/p>\n The CDCTC is often confused with the child tax credit<\/a>, or CTC, of up to $2,200 per child under age 17 for the 2025 tax year<\/a>. One key difference is the CTC doesn\u2019t require both parents who file taxes jointly to earn income. <\/p>\n<\/div>\n