Kyle Beltle, CPA, CTP
@kylebeltle.com
Husband, father, reader, runner, musician, and tax strategist
https://proactivecpa.co
https://proactivecpa.co
@taxgirl.bsky.social - agreed. every year it seems to come earlier & earlier. I'm just waiting for the store that calls it self "Black Friday" and runs sales year-round...
November 20, 2025 at 12:45 PM
@taxgirl.bsky.social - agreed. every year it seems to come earlier & earlier. I'm just waiting for the store that calls it self "Black Friday" and runs sales year-round...
My favorite Zep song. Thanks for posting!
September 29, 2025 at 12:15 PM
My favorite Zep song. Thanks for posting!
Taxpayers should also be aware of a change that could make it more difficult to take the credit:
•SSN Mandate: Prior to the BBB, only the child needs a SSN# for a family to claim the credit, but under the new bill, both parents & the child will need a SSN# to claim the credit.
•SSN Mandate: Prior to the BBB, only the child needs a SSN# for a family to claim the credit, but under the new bill, both parents & the child will need a SSN# to claim the credit.
September 15, 2025 at 10:41 AM
Taxpayers should also be aware of a change that could make it more difficult to take the credit:
•SSN Mandate: Prior to the BBB, only the child needs a SSN# for a family to claim the credit, but under the new bill, both parents & the child will need a SSN# to claim the credit.
•SSN Mandate: Prior to the BBB, only the child needs a SSN# for a family to claim the credit, but under the new bill, both parents & the child will need a SSN# to claim the credit.
•Inflation Adjustment: The credit will be indexed for inflation, ensuring its value doesn't decrease over time (starting in 2029).
September 15, 2025 at 10:41 AM
•Inflation Adjustment: The credit will be indexed for inflation, ensuring its value doesn't decrease over time (starting in 2029).
•Increased Credit: The credit has increased from $2,000, to $2,200 (through 2028)
•Trump Accounts: Technically separate from the CTC, the BBB creates "Trump Accounts," which are IRA-like accounts for children. Kids born between 2025 - 2028 will receive a $1,000 into their Trump Account.
•Trump Accounts: Technically separate from the CTC, the BBB creates "Trump Accounts," which are IRA-like accounts for children. Kids born between 2025 - 2028 will receive a $1,000 into their Trump Account.
September 15, 2025 at 10:41 AM
•Increased Credit: The credit has increased from $2,000, to $2,200 (through 2028)
•Trump Accounts: Technically separate from the CTC, the BBB creates "Trump Accounts," which are IRA-like accounts for children. Kids born between 2025 - 2028 will receive a $1,000 into their Trump Account.
•Trump Accounts: Technically separate from the CTC, the BBB creates "Trump Accounts," which are IRA-like accounts for children. Kids born between 2025 - 2028 will receive a $1,000 into their Trump Account.