Tax Policy Center

child tax credit

State and Local Issues: TaxVox

Three Lessons for Policymakers Designing a State Child Tax Credit

In 2021, the American Rescue Plan (ARP) temporarily but significantly expanded the federal child tax credit (CTC), and child poverty fell from 9.7 percent to...
March 11, 2024Nikhita AiriRichard C. Auxier
State and Local Issues: TaxVox

As Congress Debates a More Generous Child Tax Credit, 11 States Already Deliver a Fully Refundable CTC

A bipartisan tax plan that overwhelmingly passed in the House is now stuck in the Senate in part because of proposed changes to the child...
March 7, 2024Richard C. AuxierNikhita Airi
Individual Taxes: TaxVox

The New Child Tax Credit Proposal Versus Old Concerns About Work Incentives

Momentum behind a tax plan drafted by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) has...
January 24, 2024Nikhita AiriJohn Buhl
Business Taxes: TaxVox

Why Is Congress Giving Business Retroactive Tax Breaks?

While Congress is likely to nit-pick the compromise business and child tax credit tax bill designed by top Capitol Hill tax writers, there is broad...
January 23, 2024Howard Gleckman
Business Taxes: TaxVox

Bipartisan Tax Framework: Low-Income, Wealthy Households Benefit Most

Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160...
January 19, 2024John Buhl
Individual Taxes: TaxVox

Bipartisan CTC Framework Would Help Lowest Income Quintiles

Under a plan to temporarily expand the child tax credit (CTC), unveiled yesterday by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and...
January 18, 2024John Buhl
Individual Taxes: TaxVox

Evidence Suggests Expanding The Child Tax Credit Could Ease Hardship Among Families With Kids

Fast-approaching government shutdown deadlines in Congress are providing renewed momentum for an expansion of the Child Tax Credit (CTC). A targeted CTC expansion would deliver...
January 10, 2024Nikhita AiriMichael Karpman
Individual Taxes: TaxVox

Pro-Growth Tax Policy For Working Families

A recent hearing of the House Ways and Means Committee’s Subcommittee on Tax Policy brought attention to an important topic: How can the tax code...
January 4, 2024Leonard E. Burman
Federal Budget and Economy: TaxVox

Watch Congress Spend And Cut Taxes More, Despite Its Deficit Hang-Wringing

Want to know why the budget deficit is enormous and growing? One reason is that when one political party in Congress proposes new tax cuts...
December 4, 2023Howard Gleckman
Individual Taxes: TaxVox

Options to Improve the Child Tax Credit for Low-Income Families: An Update

As another year comes to a close, families are again waiting to see if Congress will expand the Child Tax Credit (CTC). Although the CTC...
November 29, 2023Elaine Maag