The One Big Beautiful Bill Act permanently increases the Child Tax Credit, raising the nonrefundable amount to $2,200 per child starting in 2025, with inflation adjustments thereafter. It also makes permanent the $1,400 maximum for the additional Child Tax Credit per eligible child ($1,700 in 2025), also indexed for inflation.
The existing income limits of $400,000 for the joint filers and $200,000 for others remain, as does the $500 nonrefundable credit for other dependents. The requirement for the child and at least one parent to have a social security number is also made permanent. These changes apply to tax years beginning after December 31, 2024.
