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Here’s what Joe Biden’s tax proposals mean for American households

Source: cnbc.com - Oct 9, 2020

An overhaul of tax incentives for American families could be in the cards if Democratic candidate Joe Biden wins the White House.

In his tax plan, the former vice president called for an expansion of the tax credits families currently receive to help offset the cost of raising children.

Indeed, families can expect to spend an average of $233,610 raising a child from birth through age 17, according to data from the U.S. Department of Agriculture.

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Category: General Business