Child Tax Credit Expansion in 2022: Share of Tax Change by Income Group

The bottom 80% of income earners would receive 87% of benefits.
Impacts of American Families Plan Child Tax Credit Expansion, 2022, 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. CTC also expanded to include 17-year-olds.
Source: Institute on Taxation and Economic Policy microsimulation model, June 2021