Tax Policy Center

ARP

Individual Taxes: TaxVox

Families Planned to Use Child Tax Credit to Pay Bills but Some Were Confused About Eligibility

Starting in July, many parents began receiving monthly payments of the Child Tax Credit (CTC). A new IPSOS survey as well as Urban Institute interviews...
September 15, 2021Elaine MaagPoonam GuptaElaine Waxman
Individual Taxes: TaxVox

How Can Congress Protect Families Who Receive Excessive Child Tax Credit Payments?

Families began receiving monthly Child Tax Credit (CTC) payments on July 15. For many, those regular payments—currently permitted through the end of the year—will combat...
August 10, 2021Elaine Maag
State and Local Issues: TaxVox

Are State Tax Cuts a Sign of Federal Aid Excess or Success?

In March 2020, Arizona Gov. Doug Ducey signed a $11.8 billion budget that was $500 million lower than what he had proposed just weeks earlier—before...
July 16, 2021Richard C. Auxier
Individual Taxes: TaxVox

Keeping the Monthly Child Tax Credit Coming, Limiting Risk of Overpayments

Beginning in July, most families with children will receive up to $250 a month per child ($300 for children under 6). Those payments are advances...
June 25, 2021Elaine Maag
: TaxVox

Treasury Will Allow States to Take ARP Funds and Cut Taxes, With Some Guardrails

On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan ’s (ARP) $350 billion in direct state and local aid ,...
May 13, 2021Richard C. Auxier
: TaxVox

Should Government Use Tax Incentives to Encourage People to Get The COVID-19 Vaccine?

Tax incentives can encourage action that supports the public good—like lifting children out of poverty, giving to charity, pursuing higher education, or using alternatives to fossil fuels. How about helping end a global pandemic?
May 5, 2021Renu Zaretsky
Individual Taxes: TaxVox

Monthly or Quarterly Child Tax Credit Payments? Both Have Value

IRS Commissioner Charles Rettig told the Senate Finance Committee on April 13 that the agency could begin delivering monthly 2021 Child Tax Credit (CTC) payments...
April 28, 2021Elaine MaagWilliam J. Congdon