Model Estimate T21-0223 – Tax Expenditure for the Child Tax Credit ($ billions), 2022-25 t21-0223.xlsx
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Aggregate tax expenditure amount ($ billions) for the child tax credit (CTC) for calendar years 2022-25 under three scenarios: current law; extension of the American Rescue Plan (ARP) Act's CTC expansion but retaining partial refundability; and extension of the ARP Act's CTC expansion including full refundability.

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Model Estimates Type Revenue Tables
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Child tax credit (CTC)/Child and dependent care tax credit (CDCTC) Tax credits (individual) Tax expenditures (individual)
Model Estimates from the same Simulation Run September 9, 2021
Model Estimate
T21-0224 – Tax Benefit of the Child Tax Credit (CTC), Current Law, by Expanded Cash Income Level, 2022
Model Estimate
T21-0225 – Tax Benefit of the Child Tax Credit (CTC), Current Law, by Expanded Cash Income Percentile, 2022
Model Estimate
T21-0226 – Tax Benefit of the Child Tax Credit (CTC), Extend ARP Provisions but Retain Current-Law Partial Refundability, by Expanded Cash Income Level, 2022
Model Estimate
T21-0227 – Tax Benefit of the Child Tax Credit (CTC), Extend ARP Provisions but Retain Current-Law Partial Refundability, by Expanded Cash Income Percentiles, 2022
Model Estimate
T21-0228 – Tax Benefit of the Child Tax Credit (CTC), Extend ARP Provisions Including Full Refundability, by Expanded Cash Income Level, 2022
Model Estimate
T21-0229 – Tax Benefit of the Child Tax Credit (CTC), Extend ARP Provisions Including Full Refundability, by Expanded Cash Income Percentiles, 2022
Model Estimate Resources