Under the proposed $1000 Ohio Child Tax Credit the Ohio government will launch its program during 2025 to assist families with children aged under six. This credit aims to ease the financial burden on parents, especially those working full-time at minimum wage.
Included in Ohio Governor Mike DeWine’s proposed budget, this initiative is designed to support low-income families by helping them cover expenses such as daycare, education, and other necessities.
Key Features of the $1000 Ohio Child Tax Credit 2025:
$1000 tax credit for each child under six years old.
Financial relief for parents working at minimum wage.
Aims to strengthen financial security and promote investment in children’s future.
This credit will be fully refundable, meaning eligible families will receive the full amount regardless of their tax liability.
Expected to be approved by June 2025.
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Eligibility for the $1000 Ohio Child Tax Credit 2025:
To qualify for this program, families must meet the following criteria:
Must have at least one child under the age of six.
Married couples filing jointly must have an annual income of less than $94,000.
Married individuals filing separately must have an annual income of less than $56,500.
Single parents must have an annual income of less than $69,000.
Individuals must have a minimum annual income of $22,500.
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Key Highlights of the Governor’s Proposal:
Increase in tobacco taxes and vapor product levies to fund this tax credit.
$50 million allocated to the Ohio SEE program for vision tests and glasses for children in grades K-3.
$100 million set aside for rural housing development and expansion of school healthcare services.
Historic Renovation Tax Credit will increase from $60 million to $120 million.
$8 million investment in local government cybersecurity.
Additional funding for public libraries and local governments.
$380 million allocated for road safety improvements.
Increase in sports gambling tax to 40%, which will fund reduced high school sports fees and new stadium construction.
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$1000 Ohio Child Tax Credit Payment Dates 2025:
Month | Payment Date |
---|---|
January 2025 | 15 January 2025 |
February 2025 | 15 February 2025 |
March 2025 | 15 March 2025 |
April 2025 | 15 April 2025 |
May 2025 | 15 May 2025 |
June 2025 | 15 June 2025 |
July 2025 | 15 July 2025 |
August 2025 | 15 August 2025 |
September 2025 | 15 September 2025 |
October 2025 | 15 October 2025 |
November 2025 | 15 November 2025 |
December 2025 | 15 December 2025 |
Is the $1000 Ohio Child Tax Credit 2025 Confirmed?
The proposed tax credit remains only at the initiating phase because legislators have not approved it yet. Under the regulations of the Ohio General Assembly this program will start in 2025. The Ohio General Assembly will review and modify key aspects about eligibility as well as funding sources and payment distribution methods throughout legislative approval stages.
Conclusion
The 2025 Ohio Child Tax Credit of $1000 is promising legislation to provide financial assistance to low- and middle-income families. This amendment not only gives immediate financial relief to parents but also helps to invest in kids’ futures. However, this measure still has to be approved, and a final decision is expected by June 2025.
If you are going to qualify for this benefit, see to it that you filed your taxes correctly and visit the official state site to learn more.
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FAQs
Q1. Is the $1.000 tax credit for children going to continue to be available in 2025?
A1. Yes, this one was proposed, and it will be implemented sometime in 2025.
Q2. Who, then, can apply for the $1000 credit?
A2. Their parents will have children six years and under who qualify with respect to the income limits.
Q3. How can the $1000 child tax credit be applied for by qualified applicants?
A3. An application should be submitted by visiting www.irs.gov.