Tax Policy Center

child tax credit

Federal Budget and Economy: TaxVox

Why Progressivity in Tax Policy Is Not A Simple Matter

Policymakers and even policy analysts often consider the progressivity of specific proposals independently from the broader systems in which they operate. Consequently, they often leave...
October 20, 2021C. Eugene Steuerle
: TaxVox

Immigrant Parents Are Less Aware of Child Tax Credit Than US-Born Parents and More Likely to Plan to Use It to Invest in Education, Fill Gaps in Child Care and Health Care

Immigrant parents are less likely to have heard about the expanded child tax credit (CTC) than parents born in the United States, according to a...
October 7, 2021Elaine MaagLaura Brugger
Federal Budget and Economy: TaxVox

TPC: The Ways & Means Reconciliation Bill Would Raise Taxes On High Income Households, Cut Taxes On Average For Nearly Everyone Else

All major provisions of the House Ways & Means Committee’s budget reconciliation tax bill would cut 2022 taxes on average for households making $200,000 or...
September 28, 2021Howard Gleckman
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

An Expanded Child Tax Credit Would Reduce Child Poverty to Below 10 Percent in Nearly All States

The American Rescue Plan’s (ARP) expanded Child Tax Credit (CTC) would reduce child poverty in a typical year below 10 percent in 47 states –...
September 8, 2021Elaine Maag
Individual Taxes: TaxVox

Would Extending More Generous Tax Credits Increase The Number Of Non-Income Tax Payers?

Would Extending More Generous Tax Credits Increase The Number Of Non-Income Tax Payers? We know the pandemic and the policy response to it dramatically increased...
August 25, 2021Howard Gleckman
Individual Taxes: TaxVox

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
August 18, 2021Howard Gleckman
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
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
Individual Taxes: TaxVox

IRS Set to Deliver Advance Monthly Payments: Needs Ability to Update Bank Information

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