Changes to Family Tax Credits in 2025 and How to Benefit from Them

The 2025 tax year brings significant adjustments to the credits that support millions of families across the United States. For the Latino community, these updates represent a real opportunity to increase refunds and reduce tax liability. 

Key Changes for 2025 

Child Tax Credit (CTC): The credit per child increases to $2,200, with the refundable portion remaining around $1,700. 

Earned Income Tax Credit (EITC): This credit also increases, with benefits exceeding $8,000 for families with three or more qualifying children. 

Income Limits: Eligibility thresholds remain the same at $200,000 for single filers and $400,000 for married filing jointly. 

What Is the Impact on Latino Families? 

These changes mean greater financial support for families with children under 17 who work in traditional jobs or through gig-app platforms and meet IRS requirements. In many cases, these credits can either increase a family’s refund or help reduce their tax liability. 

How to Prepare and Take Advantage of These Benefits 

• Verify that your children have a valid Social Security Number (SSN), as this is one of the key requirements to receive these credits.
• Organize your documents now: W-2s, 1099s, receipts for childcare or school-related expenses, and any other supporting records.
• Review whether you qualify for the CTC, EITC, or both, depending on your income and family situation.
• File your return using the updated IRS forms for the 2025 tax year.
• Seek assistance from a Toro Taxes tax preparer, as our team is fully trained and ready to support your specific situation.

At Toro Taxes, we don’t just keep up with IRS updates and new credits—we understand them, apply them, and teach them, so you can also build a strong and reliable financial foundation. 

Opening a franchise with us means moving forward with a proven system, backed by a brand that is already part of the Latino community. Joining our franchise may be the step that transforms your future. Toro Taxes — nobody gives you more. 

800-867-6829 ext. 202 | www.torotaxes.com