Understanding New Tax Credits

What is the new deductible amount for startup costs under the Harris economic plan?

• $5,000

• $100,000

• $10,000

• $50,000

How much is the child tax credit per child under six according to the Harris plan?

• $4,800

• $1,200

• $2,400

• $3,600

What is the maximum amount of down payment assistance available for first-time home buyers?

• $25,000

• $20,000

• $15,000

• $10,000

What is the purpose of the premium tax credit discussed in the video?

• To reduce property taxes

• To make health insurance more affordable

• To lower education costs

• To increase retirement savings

Why is it important to understand these new tax credits?

• To avoid paying taxes

• To make smarter financial decisions

• To qualify for more loans

• To increase your credit score