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January 12, 2024
…maximum benefit. Adopting the 2021 maximum credit amounts of up to $3,600 would cost upwards of $80 billion per year. Modest reforms to the Child Tax Credit that support working families could…
November 14, 2023
In 2021, Democrats succeeded in temporarily expanding the child tax credit (CTC) as part of President Biden’s American Rescue Plan. Previously, the maximum CTC of $2,000 per child was available only…
October 25, 2023
…typical household today pays on average $709 more per month due to inflation than two years ago — far exceeding the maximum CTC for two children of $600 per month temporarily paid then. Even…
August 9, 2023
…returned to its pre-pandemic form, phasing-in at 15 percent of earnings beyond $2,500, up to a maximum of $1,600 in a refundable CTC per child and a non-refundable $2,000 per…
July 17, 2023
…the credit as a transfer payment. Eligible families can receive a refundable credit of 15 percent of earnings above $2,500 per year, up to a maximum $1,500 per child in…
July 10, 2023
…would follow the current-policy schedule for a married couple with three or more children, even for parents who only have one or two children, up to the maximum EITC amount…
June 30, 2023
…for child tax credit payments and others who worked and earned too little to owe federal income taxes collected less than the maximum benefit. That’s why Democrats’ $1.9 trillion American…