2009 distribution of federal tax change, by cash income level, of the reduction of the child tax refundability threshold to $0 in "The American Recovery and Reinvestment Tax Act of 2009" as reported by the House Ways and Means Committee.
2009 distribution of federal tax change, by cash income percentile, of the reduction of the child tax refundability threshold to $0 in "The American Recovery and Reinvestment Tax Act of 2009" as reported by the House Ways and Means Committee.
2009 distribution of federal tax change, by cash income level, of the reduction of the child tax refundability threshold to $6,000 in "The American Recovery and Reinvestment Tax Act of 2009" as reported by the Senate Finance Committee.
2009 distribution of federal tax change, by cash income percentile, of the reduction of the child tax refundability threshold to $6,000 in "The American Recovery and Reinvestment Tax Act of 2009" as reported by the Senate Finance Committee.
For many US households, the ongoing partial government shutdown is inconvenient. But for low-income households, it may become a severe hardship. If the shutdown goes...
This report analyzes the main provisions of the federal income tax code that provide benefits to families with children, comparing current law with what would be happening had the TCJA not been enacted, and discusses the TCJA’s implications for families of different income levels. On net, almost
The Health and Economic Recovery Omnibus Emergency Solutions Act , HEROES Act, would substantially increase the earned income tax credit (EITC) for workers without children...
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of repealing the child tax credit (CTC) earned income threshold of $2,500. Under the proposal, the credit amount would be potentially refundable beginning with the first dollar of earned income.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of repealing the child tax credit (CTC) earned income threshold of $2,500. Under the proposal, the credit amount would be potentially refundable beginning with the first dollar of earned income.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2027, of making the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2027, of making the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of making the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of making the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of increasing the child tax credit (CTC) refundability rate from 15 to 30 percent.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of increasing the child tax credit (CTC) refundability rate from 15 to 30 percent.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of repealing the child tax credit (CTC) refundability limit enacted by the 2017 Tax Act. The limit is $1,400 indexed for inflation after 2018 and rounded down to the nearest $100. Under the proposal, the full per child amount would be potentially refundable.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of repealing the child tax credit (CTC) refundability limit enacted by the 2017 Tax Act. The limit is $1,400 indexed for inflation after 2018 and rounded down to the nearest $100. Under the proposal, the full per child amount would be potentially refundable.
Table shows the impact on federal tax revenue for fiscal years 2023-32 of four options to expand refundability of the child tax credit (CTC). Options are: repeal earned income threshold; repeal refundability limit enacted by the 2017 Tax Act; increase the refundability rate from 15 to 30 percent; and all three options combined.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of repealing the child tax credit (CTC) earned income threshold of $2,500. Under the proposal, the credit amount would be potentially refundable beginning with the first dollar of earned income. Proposal would also repeal the refundability limit enacted by the 2017 Tax Act. The limit is $1,400 indexed for inflation after 2018 and rounded down to the nearest $100. Under the proposal, the full per child amount would be potentially refundable. Proposal would also increase the refundability rate from 15 to 30 percent.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of repealing the child tax credit (CTC) earned income threshold of $2,500. Under the proposal, the credit amount would be potentially refundable beginning with the first dollar of earned income. Proposal would also repeal the refundability limit enacted by the 2017 Tax Act. The limit is $1,400 indexed for inflation after 2018 and rounded down to the nearest $100. Under the proposal, the full per child amount would be potentially refundable. Proposal would also increase the refundability rate from 15 to 30 percent.
Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of: repealing amortization of research and experimental (R&E) expenditures; extend limitation of interest deductions to 30 percent of EBITDA; make 100 percent bonus depreciation permanent; make the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability; and extend expansion of earned income tax credit (EITC) for workers without qualifying children enacted by the American Rescue Plan (ARP). These tables were revised on December 7, 2022.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of: repealing amortization of research and experimental (R&E) expenditures; extend limitation of interest deductions to 30 percent of EBITDA; make 100 percent bonus depreciation permanent; make the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability; and extend expansion of earned income tax credit (EITC) for workers without qualifying children enacted by the American Rescue Plan (ARP). These tables were revised on December 7, 2022.