Back to Options to Expand Refundability of Child Tax Credit (December 2022)
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.
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
T22-0188 - Repeal Child Tax Credit (CTC) Earned Income Threshold, by ECI Level, 2023
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