How Biden's spending package will affect taxpayers: from child tax credit to net investment income tax

How Biden's spending package will affect taxpayers: from child tax credit to net investment income tax

For many families, the Build Back Better plan's biggest change is the extension of the enhanced child tax credit through 2022. The House bill also has a dramatic change in the deduction for state and local taxes, raising the cap from $10,000 to $80,000 through 2030.

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