Child Tax Credit $2,200 and Trump Accounts: CPA Notes | HelloBooks The child tax credit rises to $2,200 with a new SSN rule, and Trump Accounts open for children born 2025 to 2028. What to ask parents.
Parents will ask about two changes at once: a bigger child tax credit with a stricter SSN rule, and a new savings account for children with a federal deposit. Both need a few new intake questions.
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Child tax credit per child
$2,200
Applies: Tax years 2025 and 2026From IRS.gov · checked October 10, 2026
The credit is $2,200 per child for 2025 and 2026, with up to $1,700 refundable. The full credit is available up to $200,000 of income, or $400,000 on a joint return. The taxpayer, or one spouse on a joint return, and the child need a valid SSN.
Children who are US citizens with an SSN and were born from 2025 through 2028 can receive a $1,000 federal deposit. Families can add up to $5,000 a year, of which an employer can contribute up to $2,500. No money goes in before July 4, 2026, and parents make the election on Form 4547.
The plain-English summary for business owners
Reference · 2025 and 2026
Schedule 1-A · seniors 65 and over
New form · tax year 2025 onward
General information for tax professionals, not advice on a specific return. Figures are from IRS.gov on the date shown; check the current IRS instructions before filing.
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