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The Tax Cliff
Scheduled expiration of TCJA individual tax rates and standard deduction increases.
Maryland Proposal Introduced
Senator Van Hollen announces the push for expanded credits to eliminate tax liability for millions.
Temporary CTC Expansion
The American Rescue Plan temporarily expands the Child Tax Credit, providing a proof-of-concept for the current proposal.
TCJA Enacted
The Tax Cuts and Jobs Act is signed into law, setting expiration dates for many individual provisions.
Senator Chris Van Hollen is spearheading a legislative push to expand federal tax credits, a move that could effectively eliminate federal income tax liability for millions of Marylanders. The proposal targets low-to-middle-income families by restructuring the Child Tax Credit and Earned Income Tax Credit to combat rising costs of living.