T22-0193 - Increase Child Tax Credit (CTC) Refundability Rate from 15 to 30 Percent, by ECI Percentile, 2023

Model Estimate

t22-0193.xls

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December 14, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of increasing the child tax credit (CTC) refundability rate from 15 to 30 percent.

Model Estimates Type

Distribution Tables by Income Percentile

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

T22-0187 - Options to Expand Refundability of the Child Tax Credit (CTC), Impact on Tax Revenue, 2023-32 Fiscal Years

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

T22-0192 - 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