T23-0096 – 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 Percentile, 2023

Model Estimate

t23-0096.xls

(243.5 KB)

November 28, 2023

Table shows the distribution of tax changes by expanded cash income percentile of increasing the CTC refundability rate from 15% per tax unit to 15% per child, 2023.

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)

Low-income households

Tax credits (individual)