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GOBankingRates break down how these policies helped families save money, build wealth and find more economic stability.
Also find out the biggest changes to the average middle-class familys finances changed during Bidens presidency.
Tax Policy Reforms Increased Household Savings
I think Bidens tax policy helped ordinary people breathe better financially.
The expanded Child Tax Credit equal to up to $3,600 a child was much needed, perU.S.
Biden also maintained tax breaks from the previous administration for middle-class earners making less than $400,000 a year.
The First-Time Homebuyer Tax Credit provided up to $15,000 to help families buy their first home.
The CHIPS act was one other key initiative.
This effort created tens of thousands of high-paying jobs in states such as Ohio or Arizona.
The Biden administration resolved the ACAs family glitch through updated IRS regulations.
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