Back to Options to Modify The Refundability of the Child Tax Credit (November 2023)
Model Estimate T23-0098 – Repeal the CTC Earned Income Threshold, Repeal the Refundability Limit Enacted by the 2017 Tax Act, and Increase the Refundability Rate from 15 Percent per Tax Unit to 15 Percent per Child; Baseline: Current Law; Distribution of Federal Tax Cha t23-0098.xls
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Table shows the distribution of tax changes by expanded cash income percentile of repealing the CTC earned income threshold, repealing the refundability limit enacted by the 2017 Tax Act, and increasing the refundability rate from 15 percent per tax unit to 15 percent 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)
Model Estimates from the same Simulation Run November 28, 2023
Model Estimate
T23-0099 – $1,000 Per Child Minimum Refundable Credit; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2023
Model Estimate
T23-0097 – Repeal the CTC Earned Income Threshold, Repeal the Refundability Limit Enacted by the 2017 Tax Act, and Increase the Refundability Rate from 15 Percent per Tax Unit to 15 Percent per Child; Baseline: Current Law; Distribution of Federal Tax Cha
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