Tax Policy Center

Tax Benefits of the Child Tax Credit (October 2022)

Individual Taxes: Revenue Tables

Aggregate tax expenditure amount ($ billions) for the child tax credit (CTC) for calendar years 2022-25 under three scenarios: current law; extension of the American Rescue Plan (ARP) Act's CTC expansion but retaining partial refundability; and extension of the ARP Act's CTC expansion including full refundability.

October 25, 2022