JCX-33-23 (June 12, 2023)

Present Law And Background Relating To Certain Individual Income Tax Credits

The Senate Committee on Finance has scheduled a public hearing on June 14, 2023, entitled “Anti-Poverty and Family Support Provision in the Tax Code.”  The staff of the Joint Committee on Taxation provides general background on several individual tax credits; the child tax credit, the earned income tax credit, and the child and dependent care tax credit.  This document describes the provisions under present law and under prior law as enacted by the Public Law 117-2, the American Rescue Plan Act of 2021 (“ARPA”). 

Related Publications

  • JCX-6-24 (January 24, 2024)

    Macroeconomic Analysis Of H.R. 7024, The "Tax Relief For American Families And Workers Act of 2024," As Ordered Reported By The Committee on Ways And Means, On January 19, 2024

    view details
  • JCX-5-24 (January 18, 2024)

    Estimated Revenue Effects Of The Chairman's Amendment In The Nature Of A Substitute To H.R. 7024, The "Tax Relief For American Families And Workers Act of 2024," Scheduled For Markup By The Committee On Ways And Means on January 19, 2024

    view details
  • JCX-4-24 (January 18, 2024)

    Description Of The Chairman's Amendment In The Nature Of A Substitute To H.R. 7024, The "Tax Relief For American Families And Workers Act of 2024"

    view details