Addressing the Family-Sized Hole Federal Tax Reform Left for States

Brief

Addressing the Family-Sized Hole Federal Tax Reform Left for States

November 14, 2018

Abstract

The Tax Cuts and Jobs Act modestly decreased federal individual income taxes for most low- and middle-income families. However, the federal tax changes interacted with state laws in ways that meant some of these same families could see state tax increases. This brief discusses how implementing state child tax credits (CTCs) could help low- and middle-income families avoid these state tax increases, as well as the benefits these tax credits could provide in all states with income taxes.

Cross-Center Initiative

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