Back to Options to Modify The Refundability of the Child Tax Credit (November 2023)
Model Estimate T23-0103 – Increase the maximum CTC to $3,000; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2023 t23-0103.xls
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Table shows the distribution of tax changes by expanded cash income level of increasing the maximum CTC to $3,000 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
T23-0102 – Phase the CTC in from $0 to $10,000 of Earnings; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2023
Model Estimate
T23-0101 – Phase the CTC in from $0 to $10,000 of Earnings; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2023
Model Estimate
T23-0100 – $1,000 Per Child Minimum Refundable Credit; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2023
Model Estimate
T23-0104 – Increase the maximum CTC to $3,000; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2023
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