child tax credit

Should All Families Receive the Child Tax Credit?

Last month, my parents received their third round of economic impact payments through the American Rescue Plan (ARP). They decided to turn the proceeds into their own "stimulus payments" for their seven grandchildren.

April 7, 2021Renu Zaretsky

Individual Taxes: TaxVox

Are The American Rescue Plan’s Tax Cliffs Really Such A Big Deal?

Are American Rescue Plan’s Tax Cliffs Really Such A Big Deal? Economists hate cliffs. But the tax cliffs in the ARP may not be so bad.

March 23, 2021Howard Gleckman

Individual Taxes: TaxVox

The Child Tax Credit Grows Up to Lift Millions of Children Out of Poverty

Last week, President Biden signed the American Rescue Plan (ARP) into law. And the Child Tax Credit (CTC) that began life in 1998 as a...

March 16, 2021Elaine Maag Nikhita Airi

Individual Taxes: TaxVox

Biden’s Pandemic Relief Bill Is One of The Biggest One Year Tax Cuts in Modern US History

Talk about playing against type: The tax cuts in President Biden’s American Rescue Plan (ARP) are among the biggest one-year tax reductions in modern US...

March 16, 2021Howard Gleckman

Individual Taxes: TaxVox

Advancing Child Tax Credit Payments Makes Good Sense, But the IRS Will Need Funds to Pull It Off.

The plan to expand the Child Tax Credit (CTC) proposed yesterday by House Ways & Means Committee Democrats included an important new feature—the IRS would...

February 9, 2021Elaine Maag Howard Gleckman

Individual Taxes: TaxVox

How Biden Can Expand And Better Target the Child Tax Credit

In a recent blog , I looked at two ways Congress could refocus those $1,400 per person relief payments on those who need it most...

February 2, 2021Howard Gleckman

: TaxVox

Biden's Huge Pandemic Relief Plan Would Cut Taxes for Low- and Moderate-Income Households

President-elect Joe Biden proposed a new $1.9 trillion pandemic relief plan last night that would substantially cut taxes for low- and moderate-income households, especially those...

January 15, 2021Howard Gleckman

Individual Taxes: TaxVox

Expanding The Child Tax Credit: Full Refundability And Larger Credit

The Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act), passed by the House of Representatives, would temporarily expand the child tax credit (CTC)...

May 26, 2020Elaine Maag

Individual Taxes: TaxVox

TPC Estimates The HEROES Act Would Substantially Cut Individual Income Taxes

The major individual income tax provisions in the House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would cut taxes by an average of...

May 22, 2020Howard Gleckman

Individual Taxes: TaxVox

Are US Billionaires Really Paying A Lower Tax Rate Than Working People? Probably Not.

Economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have a new book that has generated an enormous amount of attention...

October 11, 2019Howard Gleckman