Tax Policy Center

child tax credit

Individual Taxes: TaxVox
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
Individual Taxes: TaxVox
Starting on July 15, the IRS will begin distributing a monthly Child Tax Credit payment to at least 39 million families, or almost 90 percent...
May 25, 2021Elaine Maag
Individual Taxes: TaxVox
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
Individual Taxes: TaxVox
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 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
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 MaagNikhita Airi
Individual Taxes: TaxVox
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
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 MaagHoward Gleckman
Individual Taxes: TaxVox
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
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