What makes a child tax credit progressive?
| Date | 01 August 2022 |
| Author | Thomhave, Kalena |
| Published date | 01 August 2022 |
| Author | Thomhave, Kalena |
States can design child tax credits in myriad ways. Some of these decisions may be motivated by politics or funding concerns. But what makes a credit truly progressive? Largely, whether it will benefit the people who need it most.
* REFUNDABLE
If a tax credit is refundable, it means that you're refunded, in cash, the amount of credit left over after you no longer owe any taxes. Low-income people often do not owe any federal income taxes, so if a credit is not refundable, it leaves out the...
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