The 2021 Child Tax Credit: Who Received It and How Did They Spend It?
| Autor: | Katherine Michelmore, Natasha V. Pilkauskas |
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| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | AEA Papers and Proceedings. 113:413-419 |
| ISSN: | 2574-0776 2574-0768 |
| DOI: | 10.1257/pandp.20231089 |
| Popis: | In March of 2021, Congress passed a one-year expansion of the Child Tax Credit (CTC), creating a temporary, near-universal child benefit. Despite expanding eligibility to millions of previously ineligible children living in low-income households, only two-thirds received the monthly benefit. We illustrate that some historic gaps in receipt of the CTC remain despite the efforts to make the credit more universal: prior tax filing, household income, and survey language were among the strongest predictors of monthly receipt. More work is needed to understand why families did not receive the CTC and how to reach these vulnerable populations. |
| Databáze: | OpenAIRE |
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