American Rescue Plan: Impact of Child Tax Credit Expansion, by Race/Ethnicity
*Shares do not sum to 100 percent because 3.9 percent of taxpayers analyzed here are of races or ethnicities other than white, Black, Asian or Hispanic. In this presentation, Hispanic taxpayers include people of all races whereas the other groups only represent non-Hispanic households.
Impacts of American Rescue Plan provisions making the Child Tax Credit fully refundable (no dollar cap or earnings limit) and increasing to $3,000/$3,600 in 2020 in the United States. (Limited to Taxpayers with Children Under Age 17)
Source:Institute on Taxation and Economic Policy microsimulation model, January 2021