Tax Policy Center

CTC

: TaxVox

Congress Should Make A Long-Term Commitment to The Child Tax Credit

Two versions of the Child Tax Credit (CTC) are on the books for the next five years, and a third is included in the House...
December 8, 2021Elaine Maag
: TaxVox

Where Are Families Most At Risk Of Missing Out On The Expanded Child Tax Credit?

The expanded and fully refundable child tax credit (CTC) will lift millions of children out of poverty in 2021. But many very low-income children may...
October 21, 2021Aravind Boddupalli
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
Individual Taxes: TaxVox

Whose Child Is It Anyway? The Ways & Means Definition Makes It Harder for The IRS To Know

To paraphrase Tolstoy , all simple families are alike; each complicated family is complicated in its own way. So when the tax code aims to...
September 27, 2021Janet Holtzblatt
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

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