National News

Enhancing the Children’s Fitness Tax Credit

Our Government intends to enhance the Children’s Fitness Tax Credit (CFTC) by increasing the maximum amount that may be claimed under the credit to $1,000 from $500, and by making the credit refundable. The doubling of the maximum amount will be effective for the 2014 tax year and subsequent tax years, and the credit will be made refundable effective for the 2015 and subsequent tax years.