Model Estimate T22-0187 - Options to Expand Refundability of the Child Tax Credit (CTC), Impact on Tax Revenue, 2023-32 Fiscal Years t22-0187.xlsx
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Table shows the impact on federal tax revenue for fiscal years 2023-32 of four options to expand refundability of the child tax credit (CTC). Options are: repeal earned income threshold; repeal refundability limit enacted by the 2017 Tax Act; increase the refundability rate from 15 to 30 percent; and all three options combined.

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Model Estimates Type Revenue Tables
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Child tax credit (CTC)/Child and dependent care tax credit (CDCTC) Income tax (individual) Low-income households
Model Estimates from the same Simulation Run December 14, 2022
Model Estimate
T22-0195 - Repeal Child Tax Credit (CTC) Earned Income Threshold and the Refundability Limit Enacted by the 2017 Tax Act, and Increase Refundability Rate from 15 to 30 Percent, by ECI Level, 2023
Model Estimate
T22-0194 - Repeal Child Tax Credit (CTC) Earned Income Threshold and the Refundability Limit Enacted by the 2017 Tax Act, and Increase Refundability Rate from 15 to 30 Percent, by ECI Level, 2023
Model Estimate
T22-0193 - Increase Child Tax Credit (CTC) Refundability Rate from 15 to 30 Percent, by ECI Percentile, 2023
Model Estimate
T22-0192 - Increase Child Tax Credit (CTC) Refundability Rate from 15 to 30 Percent, by ECI Level, 2023
Model Estimate
T22-0191 - Repeal Child Tax Credit (CTC) Refundability Limit Enacted by the 2017 Tax Act, by ECI Percentile, 2023
Model Estimate
T22-0190 - Repeal Child Tax Credit (CTC) Refundability Limit Enacted by the 2017 Tax Act, by ECI Level, 2023
Model Estimate
T22-0189 - Repeal Child Tax Credit (CTC) Earned Income Threshold, by ECI Percentile, 2023
Model Estimate
T22-0188 - Repeal Child Tax Credit (CTC) Earned Income Threshold, by ECI Level, 2023
Model Estimate
T22-0196 - Distribution of Tax Units and Qualifying Children by Amount of Child Tax Credit (CTC) under Proposal to Expand Refundability of the CTC, 2022
Model Estimate Resources