Tax Policy Center

child tax credit

: TaxVox

How To Choose Among Tax Credits That Aim To Support Work, Children, And Poverty Reduction

High-profile Democrats are floating ambitious proposals to reduce economic pressure on working Americans by expanding or supplementing tax credits for low- and middle-income families. These...
January 28, 2019Elaine Maag
Individual Taxes: TaxVox

How The Tax Cuts And Jobs Act Reduced The Value Of The Child Care Credit

While the Tax Cuts and Jobs Act (TCJA) did not directly change the rules for the child and dependent care tax credit (CDCTC), other provisions...
November 27, 2018Elaine Maag
State and Local Issues: TaxVox

Post-TCJA, Your State Should Consider a Refundable Child Tax Credit

Some low- and middle-income families in Colorado, Minnesota, New Mexico, and North Dakota are facing state income tax hikes. And the larger the family, generally...
November 15, 2018Richard C. AuxierElaine Maag
Federal Budget and Economy: TaxVox

The TCJA Is Increasing The Share Of Households Paying No Federal Income Tax

The Tax Policy Center has updated its estimate of the percentage of Americans who pay no federal individual income taxes. And the number is: 44...
September 5, 2018Philip StallworthDaniel Berger
Individual Taxes: TaxVox

How Doctors Are Expanding Access To The Earned Income Tax Credit

Here is the problem: Families with children are not fully benefitting from tax-based government safety net programs such as the Earned Income Tax Credit (EITC)...
August 17, 2018Howard Gleckman
: TaxVox

Tax Reform 2.0 Should Expand Childless EITC To Reduce Poverty

House Ways & Means Committee Chair Kevin Brady (R-TX) and other top House Republicans are exploring some ideas for a proposed tax reform 2.0 ,...
August 6, 2018Elaine Maag
Individual Taxes: TaxVox

The TCJA Will Help Families With Children, But High Income Households Will Get Much Of The Benefit

The final version of the Tax Cuts and Jobs Act (TCJA) generally adopted the Senate provisions that directly affect families with children. As a result,...
December 22, 2017Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

The Senate’s Tax Cuts and Jobs Act Would Do Little For Families with Children

At first glance, the Senate version of the Tax Cuts and Jobs Act (TCJA), looks friendlier to families with children than the House plan. Rather...
December 13, 2017Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

How would the TCJA treat my family? The same, but different

Just two weeks ago we hosted my parents, siblings, their spouses, and their children for Thanksgiving. We didn’t talk much about the Tax Cuts and Jobs Act (our 15 mouths were too full of food). Maybe we should have.
December 6, 2017Renu Zaretsky
: TaxVox

Child Tax Credit In The Unified Framework: Nothing To See Here

The Big Six Unified Framework promises a tax plan that “significantly increases the Child Tax Credit (CTC)”, but provides few details. If the child tax...
October 10, 2017Elaine Maag