Tax Policy Center

child tax credit

Individual Taxes: TaxVox

The TCJA Will Help Families With Children, But High Income Households Will Get Much Of The Benefit

The final version of the Tax Cuts and Jobs Act (TCJA) generally adopted the Senate provisions that directly affect families with children. As a result,...
December 22, 2017Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

The Senate’s Tax Cuts and Jobs Act Would Do Little For Families with Children

At first glance, the Senate version of the Tax Cuts and Jobs Act (TCJA), looks friendlier to families with children than the House plan. Rather...
December 13, 2017Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

How would the TCJA treat my family? The same, but different

Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.
December 6, 2017Renu Zaretsky
: TaxVox

Child Tax Credit In The Unified Framework: Nothing To See Here

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

Reforming child and work provisions in the federal income tax

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

The confusing debate over child tax credits and exemptions

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

Clinton would increase the CTC for very low-income workers and young children

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

Six Ways to Revise The Child Tax Credit

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

If Banning Negligent Low-Income Households From Taking Tax Credits Is Such a Great Idea, Why Stop With Them?

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

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