The President's budget proposes increasing the maximum CTC to $3,000 and making it fully refundable

CTC for Single Taxpayer with One Child for 2024 (Dollars)

Source: Department of the Treasury and Congressional Research Service Embed Download image
Notes: The maximum refundable credit for taxpayers with qualifying children under age 6 would be $3,600. Under current law, the maximum refundable credit for 2024 is $1,700. Arrows indicate the income thresholds at which the CTC maxes out and phases out.