Tax Policy Center

CTC

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
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
Federal Budget and Economy: TaxVox
Pandemic bill would Cct taxes by an average of $3,000, with most relief going to low- and middle-income households, according to a new TPC analysis...
March 8, 2021Howard Gleckman
Individual Taxes: TaxVox
President Biden, the House Ways & Means Committee, and Senator Mitt Romney (R-UT) agree: They want to increase child benefits to parents who work and...
February 17, 2021Elaine Maag
Federal Budget and Economy: TaxVox
Republicans and some leading economists have raised concerns about the cost, fairness, and stimulative effects of proposed cash payments in the pandemic relief legislation Congress...
February 11, 2021James R. Nunns
Campaigns, Proposals, and Reforms: TaxVox
The major tax provisions of the pandemic relief bill proposed by House Ways & Means Committee Democrats on January 8 would reduce 2021 federal taxes...
February 10, 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