#creatorsearchinsights Introducing Colorado’s New Family Affordability Tax Credit! 💰👨👩👧👦 Starting January 1, 2025, Colorado families can benefit from the Family Affordability Tax Credit (FATC), offering up to $3,200 per child to eligible low-income households. Key Highlights: • Eligibility: Available to families with children aged 17 and under, with the credit amount decreasing as income increases. • Credit Amounts: • Up to $3,200 per child aged 5 and under. • Up to $2,400 per child aged 6 to 17. • Income Thresholds: The credit phases out for single filers earning over $15,000 and joint filers over $25,000, with reductions based on income levels and state economic conditions. Why This Matters: The FATC aims to reduce child poverty in Colorado by providing substantial financial support to families, potentially increasing the incomes of the poorest households by 20% or more. Ready to Maximize Your Tax Benefits? At AJ Consulting and Training, we’re here to help you navigate these new credits and ensure you receive the maximum refund possible. • File with Us: [Link in bio] • Refund Advances: Loans up to $7,000 available now (subject to approval). Stay Connected: Like, share, follow, comment, and file with us to stay updated on the latest tax benefits and financial opportunities!
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