Individual Taxes: TaxVox

Reforming the Child Tax Credit for Low-Income Workers

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
: Daily Deduction

"Time, time, time, is on my side... Yes, it is."

TPC crunches the numbers on Jeb Bush’s tax plan: A pricey gift for the wealthy. TPC’s analysis finds the former Florida governor would cut taxes at all income levels. But as TPC’s Howard Gleckman explains , “The plan would boost deficits by $6.8 trillion between 2016 and 2026 and overwhelmingly
December 9, 2015Renu Zaretsky
Individual Taxes: Brief

Reforming the Child Tax Credit: How Different Proposals Change Who Benefits

The federal child tax credit provides a credit of up to $1,000 per child under age 17; the refundable portion of the credit, which is crucial for low-income families, is limited to 15 percent of earnings above a defined threshold. That threshold is set to increase from $3,000 to almost $15,000
December 9, 2015Elaine Maag
Federal Budget and Economy: Current Law

T15-0220 - Distribution of Benefits of the EITC and CTC, by Expanded Cash Income Percentile, 2018

December 9, 2015
Federal Budget and Economy: Current Law

T15-0219 - Distribution of Benefits of the EITC and CTC, by Expanded Cash Income Level, 2018

December 9, 2015
Federal Budget and Economy: Current Law

T15-0218 - Distribution of Benefits of the EITC and CTC, by Expanded Cash Income Percentile, 2015

December 9, 2015
Federal Budget and Economy: Current Law

T15-0217 - Distribution of Benefits of the EITC and CTC, by Expanded Cash Income Level, 2015

December 9, 2015
Individual Taxes

T15-0216 - Distribution of Benefits of the EITC, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0215 - Distribution of Benefits of the EITC, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0214 - Distribution of Qualifying Children in Working Families, by Eligibility for Child Tax Credit (in Millions), by Age, 2018

December 9, 2015
Individual Taxes

T15-0213 - Distribution of Qualifying Children in Working Families, by Eligibility for Child Tax Credit (in Millions), by Age, 2016

December 9, 2015
Individual Taxes

T15-0212 - Child Tax Credit Options, Change in Individual Income Tax Revenue, 2016-2025 ($ billions), Baseline: Current Law

December 9, 2015
Individual Taxes

T15-0211 - $2500 Extra Refundable CTC (no phaseout) Limited to Net Income and Payroll Taxes, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2016

December 9, 2015
Individual Taxes

T15-0210 - $2500 Extra Refundable CTC (no phaseout) Limited to Net Income and Payroll Taxes, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2016

December 9, 2015
Individual Taxes

T15-0209 - Option 5: Additional $2,500 CTC, limited refundability, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0208 - Option 5: Additional $2,500 CTC, limited refundability, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0206 - Option 3 and Option 4: Index the CTC and Increase the MFJ & MFS Thresholds, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0205 - Option 4: Increase Phase-Out Income Threshold for MFJ & MFS, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0204 - Option 4: Increase Phase-Out Income Threshold for MFJ & MFS, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0203 - Option 3: Index all CTC Parameters,Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0202 - Option 3: Index all CTC Parameters,Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0201 - Option 2B: Raising the Age of Eligibility for the CTC from under 17 to under 19, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0200 - Option 2B: Raising the Age of Eligibility for the CTC from under 17 to under 19, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

December 9, 2015
Individual Taxes

T15-0199 - Create New Young Child Tax Credit of $1,500 for Families with Children Under 3 Years Old, Make CTC and YCTC Refundable Regardless of Earnings, Index Child Credit Amounts after 2016, Baseline: Current Law, By Expanded Cash Income Percentile, 2018

December 9, 2015
Individual Taxes

T15-0198 - Create New Young Child Tax Credit of $1,500 for Families with Children Under 3 Years Old, Make CTC and YCTC Refundable Regardless of Earnings, Index Child Credit Amounts after 2016, Baseline: Current Law, By Expanded Cash Income Level, 2018

December 9, 2015