Scored 8/10 on whether it helps or hurts everyday people.
The Young Kids Bill
New tax credit helps working parents with young kids
Individual income tax: credit; working parent tax credit for certain dependents; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 272a.
Good for everyday people ·
This bill would give working parents a tax credit for their young children, helping them save money.
Our take
What we think, in plain words.
If this bill passes, many families could save money on their taxes, making it easier to care for their little ones. Now is the time to support this idea.
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The facts
What the bill actually says, no spin.
- Parents can claim $5,000 for each child 3 years old or younger.
- Parents can only claim this credit for up to 3 children.
- If the credit is more than what they owe in taxes, they can get money back.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
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