Retirement Savings Contribution Credit

To claim this credit in 2025, the taxpayer's modified adjusted gross income (MAGI) must not be more than $39,500 for Single, Married Filing Separately, or Qualifying Surviving Spouse (increase of $1,250). MAGI must not be more than $59,250 (increase of $1,875) for Head of Household, and $79,000 (increase of $2,500) for Married Filing Jointly.

Child Tax Credit

The following provision changed due to H.R. 1, One Big Beautiful Bill Act:

Increases the child tax credit to $2,200 per qualifying child (an individual who has not attained age 17 during the taxable year), and provides that the maximum refundable amount may not exceed $1,400 per qualifying child. To receive the child tax credit (i.e. both the refundable and nonrefundable portion), a taxpayer must include a valid SSN on the return (if MFJ, at least one spouse must have an SSN) and also the SSN for each qualifying child for whom the credit is claimed on the tax return; The credit and refundable amount are indexed for inflation.