How much extra tax credit under biden would get if making 35k and age 24
Executive summary
President Biden’s proposals have emphasized expanding the Child Tax Credit (CTC) back toward the 2021 level — $3,600 for children under 6 and $3,000 for children 6–17 — and making it fully refundable and available in monthly payments through at least 2025 [1]. Available sources do not mention a specific “extra tax credit” amount for a 24‑year‑old single filer making $35,000 who has no children; Biden’s CTC expansion applies to families with qualifying children, not to childless adults [1].
1. What Biden’s CTC proposal would change, in plain terms
Biden’s budget and campaign proposals would restore the expanded 2021 Child Tax Credit amounts — $3,600 for children under six and $3,000 for kids six to 17 — and make the credit fully refundable and deliverable in monthly payments through the end of 2025 [1]. This is a targeted benefit aimed at families with qualifying dependent children; the policy text and analyses cited focus on per‑child credit amounts and refundability, not on general tax reductions for childless adults [1].
2. Why your age matters less than family status
The CTC’s eligibility hinges on having qualifying children and meeting income rules, not the taxpayer’s age. Sources describe the credit in per‑child terms and stress refundability and monthly delivery; they do not describe special benefits for taxpayers because they are 24 years old [1]. Therefore, if you are 24 and childless, the available reporting on Biden’s CTC expansion does not identify any direct extra credit tied to your age [1].
3. Where a $35,000 income fits in CTC rules
Analyses of Biden’s proposal show the expanded CTC was designed to reach low‑ and moderate‑income families by making the credit fully refundable [1]. The cited reporting does not give a precise phase‑out schedule in the provided excerpts, but it emphasizes the higher per‑child amounts and full refundability through 2025 — features intended to help households with modest earnings [1]. Full phase‑out thresholds and exact amounts at specific income levels are not detailed in the supplied snippets [1].
4. Other Biden tax items that could affect a $35,000 earner
Biden’s broader 2025 budget includes proposals beyond the CTC — for example, revenue changes targeted at higher earners, corporations and certain tax rules around cryptocurrency [1] [2]. Tax‑rate tables and bracket structures for 2024–2025 are available elsewhere in the reporting, but the provided sources do not say Biden’s 2025 budget would add a general refundable credit for childless adults at $35,000 [1] [3].
5. What’s documented and what’s missing in current reporting
The documentation in these sources clearly describes restoring the higher 2021 CTC amounts and making them fully refundable and monthly [1]. The sources do not provide (a) a concrete numeric “extra tax credit” for a 24‑year‑old without children, or (b) a detailed phase‑out table in the excerpts provided here [1]. For answers tied to your exact filing status (single vs. head of household), number of dependents, and state of residence, the available sources do not include those specifics [1].
6. Practical next steps if you want a precise number
To calculate any likely change to your refund or tax bill you need three specifics: whether you claim qualifying children, your filing status, and how Biden’s final law (if enacted) phases out the credit by income. The current reporting establishes the policy direction — bigger, refundable CTC paid monthly for families with kids — but does not contain the granular, person‑specific tables needed to compute a dollar figure for a 24‑year‑old with $35,000 and no children [1].
Limitations: This summary relies only on the provided reporting, which emphasizes the Child Tax Credit expansion in Biden’s proposals [1]. The sources here do not include the full legislative text, phase‑out schedules, or any final enacted law; they also do not mention any age‑based credit for adults without qualifying dependents [1].