What happens with the child tax credit if/when the tax cuts expire?

[VMI Dem]

That is a helpful chunk of change for families with children.

[jwirr]

1. K&R

[elehhhhna]

2. it reverts back from 1,000 to 500 after this year unless etc.

[Bill McBlueState]

3. for what it's worth, here's what wikipedia has to say

The per-child amount was originally set at $400 in 1998, and has since increased to $1000 through tax-year 2010. There is a sunset provision to the Act that set this amount which will bring the amount down to $500 per-child in 2011.

http://en.wikipedia.org/wiki/Child_tax_credit

[elehhhhna]

4. fyi the "Making Work Pay" credit expires after 2010 --

800. FOR COUPLES, 400 INDIVIDUAL.