Research Report Implications for Changing the Child Tax Credit Refundability Threshold
Elaine Maag, Lydia Austin
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This Tax Fact explores the child tax credits refundability thresholds since its inception. Currently, the CTC is a $1,000-per-child credit that is partially refundable for households earning more than $3,000. This Tax Fact explores the distribution of credits when the refundability threshold rises to $15,000 in 2018, and finds that families in the lowest income quintile would be affected the most.
Research Areas Taxes and budgets
Tags Individual taxes Child Tax Credit
Policy Centers Urban-Brookings Tax Policy Center