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Table shows the impact on federal tax revenue for fiscal years 2023-42 of: repealing amortization of research and experimental (R&E) expenditures; extend limitation of interest deductions to 30 percent of EBITDA; make 100 percent bonus depreciation permanent; make the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability; and extend expansion of earned income tax credit (EITC) for workers without qualifying children enacted by the American Rescue Plan (ARP). These tables were revised on December 7, 2022.
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T22-0147 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Level, 2023
T22-0162R - Modify Certain Business Provisions, Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Percentile, 2027
T22-0161R - Modify Certain Business Provisions, Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Level, 2027
T22-0160R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), by ECI Percentile, 2027
T22-0159R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), by ECI Level, 2027
T22-0158 - Extend Expansion of EITC for Workers without Qualifying Children Enacted by American Rescue Plan (ARP), by ECI Percentile, 2027
T22-0157 - Extend Expansion of EITC for Workers without Qualifying Children Enacted by American Rescue Plan (ARP), by ECI Level, 2027
T22-0156 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Percentile, 2027
T22-0155 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Level, 2027
T22-0154R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Percentile, 2023
T22-0153R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Level, 2023
T22-0152R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), by ECI Percentile, 2023
T22-0151R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), by ECI Level, 2023
T22-0150 - Extend Expansion of EITC for Workers without Qualifying Children Enacted by American Rescue Plan (ARP), by ECI Percentile, 2023
T22-0149 - Extend Expansion of EITC for Workers without Qualifying Children Enacted by American Rescue Plan (ARP), by ECI Level, 2023
T22-0148 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Percentile, 2023