2024 Economic Relief Program Update. The child tax credit will be indexed to inflation, and the refundable portion of the tax credit will be incrementally increased for the years 2023, 2024, and 2025. On january 19, 2024, the ways and means committee made a significant bipartisan move by approving the tax relief for american families and workers act of 2024.

Estimates from the joint committee on taxation (jct). The government on tuesday announced 3 schemes to boost employment through retirement fund body epfo for new entrants in the organised sector.