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Distribution of the federal tax benefit of the Child Tax Credit (CTC) assuming extension of the CTC credit increase amount and increase in eligible age enacted by the American Rescue Plan (ARP) Act but retaining the partial refundability rules under current law, by expanded cash income percentile for calendar year 2022.
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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