Child Tax Credit Expansion in 2022: Share of Tax Change by Income Group
The bottom 60% of income earners would receive 70% of benefits. Impacts of American Rescue Plan Act Child Tax Credit Expansion if Extended Through 2022 in the United States
Child Tax Credit made fully refundable (no dollar cap or earnings limit on refundable portion).
Maximum CTC increased to $3,000 for those children age 6 and older, increased to $3,600 for children under age 6.
The increase in the maximum credit amount is phased out starting at $150,000 for married couples, $112,500 for heads of households, and $75,000 for others.
Source:Institute on Taxation and Economic Policy microsimulation model, April 2021