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Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of repealing the child tax credit (CTC) earned income threshold of $2,500. Under the proposal, the credit amount would be potentially refundable beginning with the first dollar of earned income.
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T22-0187 - Options to Expand Refundability of the Child Tax Credit (CTC), Impact on Tax Revenue, 2023-32 Fiscal Years