Tax Policy Center

child tax credit

: TaxVox
The Big Six Unified Framework promises a tax plan that “significantly increases the Child Tax Credit (CTC)”, but provides few details. If the child tax...
October 10, 2017Elaine Maag
Individual Taxes: TaxVox
The federal income tax is packed with provisions aimed at subsidizing and encouraging work and helping families with children. While well intentioned, they complicate the...
December 6, 2016Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox
In this year’s presidential campaign, Hillary Clinton’s proposal to double the child tax credit and Donald Trump’s plan replace the dependent exemption with a higher...
October 28, 2016C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox
Hillary Clinton has proposed two important changes to the child tax credit (CTC). The first would phase in the credit starting with the first dollar...
October 24, 2016Elaine Maag
Individual Taxes: TaxVox
The child tax credit (CTC) is an important subsidy for low- and moderate income families with children. But lawmakers and policy analysts are looking at ways to reform the credit. To help understand how each of these ideas would work, the Tax Policy Center looked at six different ways to retool the
April 12, 2016Elaine Maag
Individual Taxes: TaxVox
Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file
January 7, 2016Howard Gleckman
Individual Taxes: TaxVox
Congress could significantly help low-income families with children by making current eligibility rules for the Child Tax Credit (CTC) permanent. If lawmakers allow the current threshold to expire as scheduled after 2017, families with children in the lowest income quintile will lose almost $700.
December 9, 2015Elaine Maag
Individual Taxes: TaxVox
In testimony yesterday before a joint hearing of two House subcommittees, I urged Congress to modernize the nation’s social welfare programs to focus on early childhood, quality teachers, more effective work subsidies, and improved neighborhoods. One way lawmakers can shift their gaze is by
June 26, 2015C. Eugene Steuerle
Individual Taxes: TaxVox
The other day, the Census Bureau put out a new report that concluded about one-in-five Americans received government benefits in 2012. But the study, called Dynamics of Economic Well-Being: Participation in Government Programs, 2009–2012: Who Gets Assistance, takes a far too narrow view about who
June 4, 2015Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
In its analysis of the tax reform plan proposed recently by Senators Marco Rubio (R-FL) and Mike Lee (R-UT), the Tax Foundation assumed the proposal would make the new personal credit ($2,000 for singles and $4,000 for married couples) fully refundable. This assumption helps explain why the group
March 27, 2015Leonard E. Burman