Description
These tables show the impact on individual income tax revenue of options to repeal the child tax credit (CTC) and the exemption for dependents; and the distribution of benefits under current law of the CTC and the personal exemption for dependents under age 18. Estimates are shown by both income level and percentile for all tax units and by filing status, presence of children, and elderly status for 2014. Revenue estimates are provided for 2014-23 calendar and fiscal years.