[20171114]IF10773_税收改革的关键问题：儿童税收抵免.pdf

https:/crsreports.congress.gov November 14, 2017Key Issues in Tax Reform: The Child Tax CreditThe Credit The child tax credit (CTC) allows a taxpayer to reduce their federal income tax liability by up to $1,000 per qualifying child. A family with four qualifying children, for example, is eligible for a credit of up to $4,000. If the value of the credit exceeds the amount of tax a family owes, the family may be eligible to receive a full or partial refund of the difference. The total amount of their refund is calculated as 15% (the refundability rate) of earnings that exceed $3,000 (the refundability threshold), up to the maximum amount of the credit. The refundable portion of the child tax credit (the portion that exceeds a taxpayers income tax liability) is referred to as the additional child tax credit, or ACTC. Low- and moderate-income taxpayers may receive all or some of the child tax credit as the ACTC. The credit phases out for higher-income taxpayers. For married couples filing jointly, the credit begins to phase out when income exceeds $110,000; for most other taxpayers, this threshold is $75,000. It takes $20,000 of income above each threshold to phase out $1,000 of the t