The new W&M draft increases the maximum CTC from $2,000 to $2,500 from 2025 to 2028. From 2029 onwards, it then sets it to $2,000, inflation-indexed with a 2024 base year. Applying CBO inflation projections yields:
2029-30: $2,200
2031-33: $2,300
2034-35: $2,400
7 months ago