Tax Policy Center

CTC

: TaxVox

New Tax Credit Could End Poverty For US Workers And Boost the Middle Class

In a new paper , I propose a universal earned income tax credit (UEITC)—a one-for-one match on the first $10,000 of earnings delivered through a...
May 21, 2019Leonard E. Burman
: TaxVox

The Senate Democrats’ Plan To Expand Refundable Tax Credits For Working Families Builds On Existing Ideas

Senate Democrats have rallied around the Working Families Tax Relief Act (WFTRA) that would significantly expand the Earned Income Tax Credit (EITC) and more modestly...
April 22, 2019Elaine Maag
Individual Taxes: TaxVox

The Lowest-Income Families Could Receive Larger Child Tax Credits With A Few Changes To The Tax Code

The child tax credit (CTC) provides a credit of up to $2,000 per child for families with children under 17. But low-income families often get...
April 5, 2019Elaine Maag
: TaxVox

A Cool Tool That Shows How Various Elements Of The TCJA Affect Revenues And Incomes

How did key elements of the 2017 Tax Cuts and Jobs Act (TCJA) affect the after-tax incomes of various income groups? And what would happen...
March 26, 2019Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Inside The Warren Vs. Harris Battle Over Tax Progressivity

Senators Elizabeth Warren (D-MA) and Kamala Harris (D-CA) both want to be elected President of the United States in 2020. Both believe that the federal...
January 28, 2019Howard Gleckman
: TaxVox

How To Choose Among Tax Credits That Aim To Support Work, Children, And Poverty Reduction

High-profile Democrats are floating ambitious proposals to reduce economic pressure on working Americans by expanding or supplementing tax credits for low- and middle-income families. These...
January 28, 2019Elaine Maag
Individual Taxes: TaxVox

If Tax Refunds And Benefits Are Delayed By Shutdown, That Would Hurt Vulnerable Americans

For many US households, the ongoing partial government shutdown is inconvenient. But for low-income households, it may become a severe hardship. If the shutdown goes...
January 14, 2019Elaine Maag
: TaxVox

The TCJA Eliminated Personal Exemptions. Why Are States Still Using Them?

A key provision of 2017 Tax Cuts and Jobs Act (TCJA) was the elimination of the personal exemption. The change has a major effect on...
December 17, 2018Richard C. Auxier
Individual Taxes: TaxVox

How The Tax Cuts And Jobs Act Reduced The Value Of The Child Care Credit

While the Tax Cuts and Jobs Act (TCJA) did not directly change the rules for the child and dependent care tax credit (CDCTC), other provisions...
November 27, 2018Elaine Maag
State and Local Issues: TaxVox

Post-TCJA, Your State Should Consider a Refundable Child Tax Credit

Some low- and middle-income families in Colorado, Minnesota, New Mexico, and North Dakota are facing state income tax hikes. And the larger the family, generally...
November 15, 2018Richard C. AuxierElaine Maag