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Table shows the change in the distribution of federal taxes, by expanded cash income percentile 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. Proposal would also repeal the refundability limit enacted by the 2017 Tax Act. The limit is $1,400 indexed for inflation after 2018 and rounded down to the nearest $100. Under the proposal, the full per child amount would be potentially refundable. Proposal would also increase the refundability rate from 15 to 30 percent.
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T22-0187 - Options to Expand Refundability of the Child Tax Credit (CTC), Impact on Tax Revenue, 2023-32 Fiscal Years
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
T22-0193 - Increase Child Tax Credit (CTC) Refundability Rate from 15 to 30 Percent, by ECI Percentile, 2023
T22-0192 - Increase Child Tax Credit (CTC) Refundability Rate from 15 to 30 Percent, by ECI Level, 2023
T22-0191 - Repeal Child Tax Credit (CTC) Refundability Limit Enacted by the 2017 Tax Act, by ECI Percentile, 2023
T22-0190 - Repeal Child Tax Credit (CTC) Refundability Limit Enacted by the 2017 Tax Act, by ECI Level, 2023
T22-0189 - Repeal Child Tax Credit (CTC) Earned Income Threshold, by ECI Percentile, 2023
T22-0188 - Repeal Child Tax Credit (CTC) Earned Income Threshold, by ECI Level, 2023
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
