The changes increase the total amount of the tax credit from $2,000 to $2,200, and index it to inflation so it grows over the ...

The legislation, enacted on July 4, 2025, increases the maximum credit from $2,000 to $2,200 per child and indexes the amount to inflation.

The One Big Beautiful Bill, or OBBB, is one of the most transformative pieces of legislation for Alaska in decades. This ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the new tax law. (Get a ...