Sec. 110004. Extension of increased child tax credit and temporary enhancement
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Section 24(h) is amended— in paragraph (1), by striking and before January 1, 2026, , and by striking in the heading and inserting 2018 through 2025 . beginning after 2017 Section 24(h)(2) is amended to read as follows: Subsection
(a)shall be applied by substituting— in the case of taxable years beginning after December 31, 2024, and before December 31, 2028, $2,500 for $1,000 , or in the case of any subsequent taxable year, $2,000 for $1,000 . . Section 24(h)(7) is amended to read as follows: No credit shall be allowed under this section to a taxpayer with respect to any qualifying child unless the taxpayer includes on the return of tax for the taxable year— such individual’s social security number, the social security number of such qualifying child, and if the individual is married, the social security number of such individual’s spouse. For purposes of this paragraph, the term social security number means a social security number issued to an individual by the Social Security Administration, but only if the social security number is issued— to a citizen of the United States or pursuant to subclause
(I)(or that portion of subclause
(III)that relates to subclause (I)) of section 205(c)(2)(B)(i) of the Social Security Act, and before the due date for such return. Rules similar to the rules of section 32(d) shall apply to this section. . Section 24(i) is amended to read as follows: In the case of a taxable year beginning after 2024, the $1,400 amount in subsection (h)(5) shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting 2017 for 2016 in subparagraph (A)(ii) thereof. In the case of a taxable year beginning after 2028, the $2,000 amount in subsection (h)(2)(B), shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting 2024 for 2016 in subparagraph (A)(ii) thereof. If any increase under this subsection is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100. . Section 24(h)(5) is amended to read as follows: The amount determined under subsection (d)(1)(A) with respect to any qualifying child shall not exceed $1,400, and such subsection shall be applied without regard to paragraph
(4)of this subsection. . Section 24(d)(1) is amended by adding at the end the following: For purposes of subparagraph (B), any amount treated as a dividend received under the last sentence of section 501(d) shall be treated as earned income which is taken into account in computing taxable income for the taxable year. . Section 6213(g)(2)(I) is amended by striking section 24(e) and inserting section 24 . The amendments made by this section shall apply to taxable years beginning after December 31, 2024.