refundable child tax credit

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

State and Local Issues: TaxVox

Ohio Can Help More Families With Different Income Tax Cuts

Ohio’s House and Senate are debating the details of a tax cut, but both houses support plans to cut individual income tax rates and reduce...

June 15, 2023Richard C. Auxier David Weiner

Individual Taxes: TaxVox

Biden’s Child Tax Proposal Would Help Many But Presents Administrative Challenges

President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek to make the credit work...

March 31, 2023Elaine Maag

: TaxVox

Does The Child Tax Credit Reduce Child Poverty Or Discourage Work?

A key subtext to the debate over whether to restore the expanded 2021 version of the Child Tax Credit (CTC) is this: Does the credit...

December 2, 2022Elaine Maag

Individual Taxes: TaxVox

The Profound Philosophical Disagreement Over The Refundable Child Tax Credit

Often, tax policy debates can be settled by splitting the difference. You like a tax rate of 28 percent. I prefer 20 percent. Let’s settle...

January 28, 2022Howard Gleckman

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. Auxier Elaine Maag