DAVID GREENE, HOST: Let's begin NPR's business news with some fiscal deal details.</s>DAVID GREENE, HOST: You might remember over the holiday season, we delved into some of the tax credit lawmakers were considering changing as part of a deal to avoid the fiscal cliff. We called it our 12 Days of Deductions.</s>DAVID GREENE, HOST: Well, now with Congress giving the green light to an agreement that avoids widespread tax increases, we know where some of those credits stand. The deal provides a five-year extension of the earned income tax credit - that's an important one for lower income families. It also extends the child tax credit.</s>DAVID GREENE, HOST: The law passed last night also provides a tax credit of up to $2,500 for college tuition.
The 'fiscal cliff' deal passed by both houses of Congress provides a five-year extension of the earned income tax credit — an important one for lower income families. It also extended the child tax credit.