[20211124]IN11752_“完全可退还”儿童税收抵免的影响.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i The Impact of a “Fully Refundable” Child Tax Credit Updated November 24, 2021 Congress is currently considering an extension of temporary changes to the child tax credit that were enacted for 2021 under the American Rescue Plan Act (ARPA; P.L. 117-2). ARPA made three changes to the child credit that affect the credit amount taxpayers will receive (1) extending the eligibility age of qualifying children to include 17-year-olds; (2) increasing the maximum amount of the credit, with a larger maximum credit for young children; and (3) eliminating the prior-law formula for the refundable portion of the credit. This third change is sometimes referred to as making the credit “fully refundable.” (The law also temporarily changed how the credit is being delivered for 2021.) The Biden Administration had proposed making full refundability permanent while temporarily extending other provisions of the ARPA expansion for four more years, through the end of 2025. A similar proposal was included in proposed legislation released on September 10 by Chairman Neal of the Ways and Means Committee. The House-passed Build Back