Back to Options to Modify The Refundability of the Child Tax Credit (November 2023)
Model Estimate T23-0095 – Increase CTC Refundability Rate from 15% Per Tax Unit to 15% Per Child; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2023 t23-0095.xls
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Table shows the distribution of tax changes by expanded cash income level of increasing the CTC refundability rate from 15% per tax unit to 15% per child, 2023.
Model Estimates Type Distribution Tables by Income Level
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Child tax credit (CTC)/Child and dependent care tax credit (CDCTC) Low-income households Tax credits (individual)
Model Estimates from the same Simulation Run November 28, 2023
Model Estimate
T23-0094 – Repeal CTC Refundability Limit Enacted by the 2017 Tax Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2023
Model Estimate
T23-0093 – Repeal CTC Refundability Limit Enacted by the 2017 Tax Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2023
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