Tax Credits for Individuals and Families

Report

If Congress Fails to Act, Monthly Child Tax Credit Payments Will Stop, Child Poverty Reductions Will Be Lost

December 3, 2021 | Kris Cox, Chuck Marr, Arloc Sherman and Stephanie Hingtgen

Failing to pass Build Back Better would take away the entire credit from many children who would no longer qualify at all and would cut the amount of the credit for millions more.

5 Million Children in Veteran and Active-Duty Families Will Lose Out if Child Tax Credit Expansions End

October 20, 2021

Report

Build Back Better Permanently Extends Economic Security to Puerto Rico and Other Territories

December 14, 2021

Report

Earnings Requirement Would Undermine Child Tax Credit’s Poverty-Reducing Impact While Doing Virtually Nothing to Boost Parents’ Employment

September 23, 2021

Report

Build Back Better’s Child Tax Credit Changes Would Protect Millions From Poverty — Permanently

November 11, 2021 | Chuck Marr, Kris Cox and Arloc Sherman

Blog

9 in 10 Families With Low Incomes Are Using Child Tax Credits to Pay for Necessities, Education

October 21, 2021 | Claire Zippel

Fact Sheet

Expansions of the Earned Income Tax Credit and Child Tax Credit Would Benefit Millions of Asian Americans

September 18, 2019

Fact Sheet

Expansions of the Earned Income Tax Credit and Child Tax Credit Would Benefit 8 Million Black Households

September 17, 2019

Fact Sheet

Expansions of the Earned Income Tax Credit and Child Tax Credit Would Benefit 9 Million Latino Households

September 17, 2019

New on this Topic

Blog

With Monthly Payments Stalled, Congress Needs to Act

January 13, 2022

Report

Build Back Better Permanently Extends Economic Security to Puerto Rico and Other Territories

December 14, 2021

Report

Build Back Better’s Child Tax Credit Changes Would Protect Millions From Poverty — Permanently

November 11, 2021

Blog

Build Back Better Reduces Racial Disparities

November 4, 2021

Blog

9 in 10 Families With Low Incomes Are Using Child Tax Credits to Pay for Necessities, Education

October 21, 2021

Report

5 Million Children in Veteran and Active-Duty Families Will Lose Out if Child Tax Credit Expansions End

October 20, 2021

Policy Basics

The Earned Income Tax Credit (EITC) encourages and rewards work for low- and moderate-income working people, while the Child Tax Credit (CTC) helps working families offset the cost of raising children.

Together, the EITC and the low-income piece of the CTC benefit 30 million low-income working households, lifting 10 million people out of poverty. We work to highlight the benefits of these credits and to protect and expand them to further encourage work and reduce poverty.

The Child Tax Credit

The Earned Income Tax Credit

Experts

House Build Back Better Legislation Advances Racial Equity

The Build Back Better legislation approved by various House committees would help drive a more equitable recovery by making investments in children, workers, and health care that will enable more...

Earnings Requirement Would Undermine Child Tax Credit’s Poverty-Reducing Impact While Doing Virtually Nothing to Boost Parents’ Employment

Recent suggestions that Congress should deny the credit to children whose parents don’t have earnings are...

Recovery Package Should Permanently Include Families With Low Incomes in Full Child Tax Credit

Prior to enactment of the American Rescue Plan in March, 27 million children received less than the full Child Tax Credit or no credit at all because their families’ incomes were too...

Parrott: Senate Budget Plan Points Way Toward More Equitable Nation

The budget resolution takes an important first step toward enacting groundbreaking legislation with long overdue investments to address problems that have plagued the United States for generations....

Recovery Proposals Adopt Proven Approaches to Reducing Poverty, Increasing Social Mobility

Congress is crafting recovery legislation that has the potential to significantly reduce poverty, broaden opportunity, and increase racial equity in the United States. The investments under...

State and Local Child Tax Credit Outreach Needed to Help Lift Hardest-to-Reach Children Out of Poverty

Government officials and agencies, community-based organizations, and advocates across the country can help reduce poverty and hardship by conducting aggressive outreach and giving hands-on...

Make Child Tax Credit Improvements Permanent in Upcoming Recovery Legislation

The American Rescue Plan Act, by making a significant set of changes to the Child Tax Credit, will cut the number of children in poverty by more than 40 percent, we estimate. Permanently...

Income Support Associated With Improved Health Outcomes for Children, Many Studies Show

Income significantly contributes to opportunities for good health.[1] People with higher incomes can more easily afford to meet the full range of their children’s needs, from nutritious food and...

Congress Should Adopt American Families Plan’s Permanent Expansions of Child Tax Credit and EITC, Make Additional Provisions Permanent

Congress should adopt these proposed changes, which would result in reductions of child poverty and provide income support for millions of people. And it should go two steps...

IRS Needs Authority to Regulate Tax Return Preparers

President Biden’s new American Families Plan includes several proposals to rebuild the IRS to improve tax compliance, including authorizing the IRS to regulate paid tax return preparers. That...

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