A Closer Look at the Child Tax Credit:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York
Nova Science Publishers, Incorporated
2024
|
| Ausgabe: | 1st ed |
| Schriftenreihe: | Economic Issues, Problems and Perspectives Series
|
| Online-Zugang: | DE-2070s |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (202 Seiten) |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV049873702 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 240919s2024 |||| o||u| ||||||eng d | ||
| 020 | |z 9798891136335 |9 9798891136335 | ||
| 035 | |a (ZDB-30-PQE)EBC31165252 | ||
| 035 | |a (ZDB-30-PAD)EBC31165252 | ||
| 035 | |a (ZDB-89-EBL)EBL31165252 | ||
| 035 | |a (OCoLC)1428259442 | ||
| 035 | |a (DE-599)BVBBV049873702 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-2070s | ||
| 100 | 1 | |a Palmer, Philip |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a A Closer Look at the Child Tax Credit |
| 250 | |a 1st ed | ||
| 264 | 1 | |a New York |b Nova Science Publishers, Incorporated |c 2024 | |
| 264 | 4 | |c ©2024 | |
| 300 | |a 1 Online-Ressource (202 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Economic Issues, Problems and Perspectives Series | |
| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Intro -- Contents -- Preface -- Chapter 1 -- The Child Tax Credit: The Impact of the American Rescue Plan Act (ARPA -- P.L. 117-2) Expansion on Income and Poverty( -- Summary -- Introduction -- The ARPA Expansion of the Child Tax Credit -- The Child Credit Before ARPA -- The ARPA Child Credit Expansion -- Impact of ARPA Child Credit Expansion -- Family as the Unit of Analysis -- Family Income Level -- Change in the Share of Families Receiving the Child Credit -- Change in Average Family Income -- Change in Poverty -- Change in Poverty Rates -- Change in the Poverty Gap -- Impact on Budgetary Cost -- Conclusion -- Appendix A. Methodology and Data -- Analytical Methodology -- Racial and Ethnic Category Methodology -- Exclusion of Small Population Groups from this Analysis -- The Family as the Unit of Analysis -- Family Income Level -- Limitations -- Appendix B. Pre-ARPA Baseline Estimates -- Number and Average Income of Families with Children -- Families with Children Receiving Pre-ARPA Child Credit -- Poverty -- Appendix C. Post-ARPA Expanded Child Credit Estimates -- Families with Children Receiving a Larger Child Credit Under ARPA -- Income -- Poverty -- Chapter 2 -- The Expanded Child Tax Credit for 2021: -- Frequently Asked Questions (FAQs)( -- A. American Rescue Plan Act of 2021 (ARPA -- P.L. 117-2) Expansion of the Child Credit -- A1. How Did the Child Credit Work Before the ARPA Expansion? -- A2. How Did ARPA Change the Child Credit? -- A3. What Features of the Credit Were Unchanged by ARPA? -- A4: Can Americans Living Abroad Receive the Fully Refundable Child Credit? -- A5. Are Servicemembers Stationed Overseas Eligible for the ARPA-Expanded Child Credit? -- A6: Can Noncitizens Receive the ARPA-Expanded Child Credit? | |
| 505 | 8 | |a A7: Can Unauthorized Noncitizens (Sometimes Referred to As "Undocumented Immigrants") Receive the ARPA-Expanded Child Credit? -- A8. How Long Are the ARPA Changes in Effect? -- A9. How Much Is the ARPA Expansion of the Child Credit Expected to Cost (I.E., the Budgetary Impact)? -- A10: How Do Taxpayers with Children at Different Income Levels Benefit from the ARPA-Expanded Child Credit? -- B. Administration of the ARPA-Expanded Child Credit -- B1. How Was the ARPA-Expanded Child Credit Issued? -- B2. How Were the Monthly Advance Payments Calculated? -- B3. Could Taxpayers Opt Out of the Advance Payment Program? -- B4. Were Monthly Payment Amounts Adjusted When the IRS Received New Information? -- B5. Was There an Income Threshold Above Which Advance Payments Were Not Issued? -- B6. Did Otherwise Eligible Households Who, Due to Their Low Incomes, Do Not Normally File a Tax Return, Automatically Receive the Advance Payments? -- B7. Were There Any Limitations on How the Advance Payments of the Credit Could Be Spent? -- B8: How Will Taxpayers Determine the Amount of the Credit They Can Claim on Their 2021 Income Tax Return? -- B9. Will Taxpayers Need to Pay Back Excess Amounts of the Child Credit? -- B10. How Does the "Safe Harbor" Work? -- B11. Could the Advance Payments of the Credit and/or the Credit Claimed on 2021 Income Tax Returns Be Reduced for Child Support or Other Debts? -- B12. Does Receipt of the Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Affect Eligibility for Other Government Programs? -- B13. Is the ARPA-Expanded Child Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Taxable? -- B14. Did Treasury Update Wage Withholding Schedules to Reflect That up to Half of the Credit Was Issued as Advance Payments Before 2021 Tax Returns Are Filed? | |
| 505 | 8 | |a B15. How Many Advance Payments of the 2021 Credit Were Issued? -- B16: How Do Low-Income Households That Are Not Required to File a 2021 Income Tax Return Claim the Remainder of the Child Credit? -- C. Territorial Residents and the Child Credit -- C1. Did Territorial Residents Receive the Child Credit Before ARPA? -- C2. How Did ARPA Change the Child Credit for Territorial Residents in 2021? -- C3. Did Territorial Residents Receive the Advance Payments of the 2021 Credit? -- C4. How Did ARPA Change the Child Credit for Territorial Residents After 2021? -- Appendix A. Selected Research on the ARPA-Expanded Child Credit -- I. Poverty and Economic Security -- II. Estimates of the Number of Children, Families, and Taxpayers Receiving the ARPA-Expanded Child Credit -- Children -- By State -- By Congressional District -- Families -- By State -- By Congressional District -- Taxpayers -- III. Estimates of How Families/Taxpayers Spent the Child Credit -- Appendix B. Congressional Resources -- House Ways and Means Committee -- House Appropriations Committee -- House Budget Committee -- House Financial Services Committee -- House Oversight and Reform Committee -- Senate Appropriations Committee -- Senate Finance Committee -- Senate Banking, Housing, and Urban Affairs Committee -- Joint Economic Committee -- Appendix C. IRS and Treasury Resources on the ARPA-Expanded Child Credit for 2021 -- IRS Resources for Taxpayers -- Treasury Data on Advance Payments -- Treasury Office of Tax Analysis (OTA) Studies -- IRS National Taxpayer Advocate -- Treasury Inspector General for Tax Administration -- Treasury and IRS Press Releases -- Appendix D. Steps to Reconcile Excess Advance Payments of the Child Credit Due to an Incorrect Number of Qualifying Children -- Appendix E. The Child Credit and Residents of U.S. Territories -- Chapter 3 | |
| 505 | 8 | |a How Would the Child Credit Be Calculated for 2023 Under H.R. 7024?( -- Chapter 4 -- The Child Tax Credit: How It Works and Who -- Receives It( -- Summary -- Introduction -- Current Law -- Overview of Current Credit -- Maximum Credit per Child -- Maximum Additional Child Tax Credit (ACTC) per Child, the Refundability Threshold, and Refundability Rate -- The Phaseout Threshold and Phaseout Rate -- Definition of a Qualifying Child -- ID Requirements to Claim the Child Tax Credit -- Disallowance of the Credit Due to Fraud or Reckless Disregard of the Rules -- Data on the Child Tax Credit -- Total Child Tax Credit Dollars, 1998-2018 -- Total Child Tax Credit Dollars by Income Level -- Share of Taxpayers with Children Receiving the Child Tax Credit -- Average Child Tax Credit Amount -- Chapter 5 -- Who Can Claim a Child for the Child Tax Credit?( -- Qualifying Child Rules -- Relationship Test -- Residency Test -- Multigenerational Households and Tiebreaker Rules -- Chapter 6 -- The Child Tax Credit: What Lies Ahead?( -- Recent Legislative Changes -- Proposals in the 118th Congress -- H.R. 7024 -- Budgetary Impact -- Chapter 7 -- Factors Affecting the Cost of Extending the Expanded Child Tax Credit( -- The Details of the Policy Being Extended -- The Duration of the Extension -- Other Changes to the Tax Code That Affect Child Credit Payments -- Economic and Demographic Projections -- Chapter 8 -- Effects of the Expanded Child Tax Credit on Household Expenditures during the Interview Survey Reference Period: Preliminary Evidence from the Consumer Expenditure Survey( -- Abstract -- Introduction -- The American Rescue Plan and Related Research -- Data and Methods -- Data -- Expenditure Categories -- Methods -- Results -- Conclusion -- Technical Appendix -- References -- Index -- Blank Page | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Palmer, Philip |t A Closer Look at the Child Tax Credit |d New York : Nova Science Publishers, Incorporated,c2024 |z 9798891136014 |
| 912 | |a ZDB-30-PQE | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-035213160 | |
| 966 | e | |u https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=31165252 |l DE-2070s |p ZDB-30-PQE |q HWR_PDA_PQE |x Aggregator |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1810600620036456448 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Palmer, Philip |
| author_facet | Palmer, Philip |
| author_role | aut |
| author_sort | Palmer, Philip |
| author_variant | p p pp |
| building | Verbundindex |
| bvnumber | BV049873702 |
| collection | ZDB-30-PQE |
| contents | Intro -- Contents -- Preface -- Chapter 1 -- The Child Tax Credit: The Impact of the American Rescue Plan Act (ARPA -- P.L. 117-2) Expansion on Income and Poverty( -- Summary -- Introduction -- The ARPA Expansion of the Child Tax Credit -- The Child Credit Before ARPA -- The ARPA Child Credit Expansion -- Impact of ARPA Child Credit Expansion -- Family as the Unit of Analysis -- Family Income Level -- Change in the Share of Families Receiving the Child Credit -- Change in Average Family Income -- Change in Poverty -- Change in Poverty Rates -- Change in the Poverty Gap -- Impact on Budgetary Cost -- Conclusion -- Appendix A. Methodology and Data -- Analytical Methodology -- Racial and Ethnic Category Methodology -- Exclusion of Small Population Groups from this Analysis -- The Family as the Unit of Analysis -- Family Income Level -- Limitations -- Appendix B. Pre-ARPA Baseline Estimates -- Number and Average Income of Families with Children -- Families with Children Receiving Pre-ARPA Child Credit -- Poverty -- Appendix C. Post-ARPA Expanded Child Credit Estimates -- Families with Children Receiving a Larger Child Credit Under ARPA -- Income -- Poverty -- Chapter 2 -- The Expanded Child Tax Credit for 2021: -- Frequently Asked Questions (FAQs)( -- A. American Rescue Plan Act of 2021 (ARPA -- P.L. 117-2) Expansion of the Child Credit -- A1. How Did the Child Credit Work Before the ARPA Expansion? -- A2. How Did ARPA Change the Child Credit? -- A3. What Features of the Credit Were Unchanged by ARPA? -- A4: Can Americans Living Abroad Receive the Fully Refundable Child Credit? -- A5. Are Servicemembers Stationed Overseas Eligible for the ARPA-Expanded Child Credit? -- A6: Can Noncitizens Receive the ARPA-Expanded Child Credit? A7: Can Unauthorized Noncitizens (Sometimes Referred to As "Undocumented Immigrants") Receive the ARPA-Expanded Child Credit? -- A8. How Long Are the ARPA Changes in Effect? -- A9. How Much Is the ARPA Expansion of the Child Credit Expected to Cost (I.E., the Budgetary Impact)? -- A10: How Do Taxpayers with Children at Different Income Levels Benefit from the ARPA-Expanded Child Credit? -- B. Administration of the ARPA-Expanded Child Credit -- B1. How Was the ARPA-Expanded Child Credit Issued? -- B2. How Were the Monthly Advance Payments Calculated? -- B3. Could Taxpayers Opt Out of the Advance Payment Program? -- B4. Were Monthly Payment Amounts Adjusted When the IRS Received New Information? -- B5. Was There an Income Threshold Above Which Advance Payments Were Not Issued? -- B6. Did Otherwise Eligible Households Who, Due to Their Low Incomes, Do Not Normally File a Tax Return, Automatically Receive the Advance Payments? -- B7. Were There Any Limitations on How the Advance Payments of the Credit Could Be Spent? -- B8: How Will Taxpayers Determine the Amount of the Credit They Can Claim on Their 2021 Income Tax Return? -- B9. Will Taxpayers Need to Pay Back Excess Amounts of the Child Credit? -- B10. How Does the "Safe Harbor" Work? -- B11. Could the Advance Payments of the Credit and/or the Credit Claimed on 2021 Income Tax Returns Be Reduced for Child Support or Other Debts? -- B12. Does Receipt of the Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Affect Eligibility for Other Government Programs? -- B13. Is the ARPA-Expanded Child Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Taxable? -- B14. Did Treasury Update Wage Withholding Schedules to Reflect That up to Half of the Credit Was Issued as Advance Payments Before 2021 Tax Returns Are Filed? B15. How Many Advance Payments of the 2021 Credit Were Issued? -- B16: How Do Low-Income Households That Are Not Required to File a 2021 Income Tax Return Claim the Remainder of the Child Credit? -- C. Territorial Residents and the Child Credit -- C1. Did Territorial Residents Receive the Child Credit Before ARPA? -- C2. How Did ARPA Change the Child Credit for Territorial Residents in 2021? -- C3. Did Territorial Residents Receive the Advance Payments of the 2021 Credit? -- C4. How Did ARPA Change the Child Credit for Territorial Residents After 2021? -- Appendix A. Selected Research on the ARPA-Expanded Child Credit -- I. Poverty and Economic Security -- II. Estimates of the Number of Children, Families, and Taxpayers Receiving the ARPA-Expanded Child Credit -- Children -- By State -- By Congressional District -- Families -- By State -- By Congressional District -- Taxpayers -- III. Estimates of How Families/Taxpayers Spent the Child Credit -- Appendix B. Congressional Resources -- House Ways and Means Committee -- House Appropriations Committee -- House Budget Committee -- House Financial Services Committee -- House Oversight and Reform Committee -- Senate Appropriations Committee -- Senate Finance Committee -- Senate Banking, Housing, and Urban Affairs Committee -- Joint Economic Committee -- Appendix C. IRS and Treasury Resources on the ARPA-Expanded Child Credit for 2021 -- IRS Resources for Taxpayers -- Treasury Data on Advance Payments -- Treasury Office of Tax Analysis (OTA) Studies -- IRS National Taxpayer Advocate -- Treasury Inspector General for Tax Administration -- Treasury and IRS Press Releases -- Appendix D. Steps to Reconcile Excess Advance Payments of the Child Credit Due to an Incorrect Number of Qualifying Children -- Appendix E. The Child Credit and Residents of U.S. Territories -- Chapter 3 How Would the Child Credit Be Calculated for 2023 Under H.R. 7024?( -- Chapter 4 -- The Child Tax Credit: How It Works and Who -- Receives It( -- Summary -- Introduction -- Current Law -- Overview of Current Credit -- Maximum Credit per Child -- Maximum Additional Child Tax Credit (ACTC) per Child, the Refundability Threshold, and Refundability Rate -- The Phaseout Threshold and Phaseout Rate -- Definition of a Qualifying Child -- ID Requirements to Claim the Child Tax Credit -- Disallowance of the Credit Due to Fraud or Reckless Disregard of the Rules -- Data on the Child Tax Credit -- Total Child Tax Credit Dollars, 1998-2018 -- Total Child Tax Credit Dollars by Income Level -- Share of Taxpayers with Children Receiving the Child Tax Credit -- Average Child Tax Credit Amount -- Chapter 5 -- Who Can Claim a Child for the Child Tax Credit?( -- Qualifying Child Rules -- Relationship Test -- Residency Test -- Multigenerational Households and Tiebreaker Rules -- Chapter 6 -- The Child Tax Credit: What Lies Ahead?( -- Recent Legislative Changes -- Proposals in the 118th Congress -- H.R. 7024 -- Budgetary Impact -- Chapter 7 -- Factors Affecting the Cost of Extending the Expanded Child Tax Credit( -- The Details of the Policy Being Extended -- The Duration of the Extension -- Other Changes to the Tax Code That Affect Child Credit Payments -- Economic and Demographic Projections -- Chapter 8 -- Effects of the Expanded Child Tax Credit on Household Expenditures during the Interview Survey Reference Period: Preliminary Evidence from the Consumer Expenditure Survey( -- Abstract -- Introduction -- The American Rescue Plan and Related Research -- Data and Methods -- Data -- Expenditure Categories -- Methods -- Results -- Conclusion -- Technical Appendix -- References -- Index -- Blank Page |
| ctrlnum | (ZDB-30-PQE)EBC31165252 (ZDB-30-PAD)EBC31165252 (ZDB-89-EBL)EBL31165252 (OCoLC)1428259442 (DE-599)BVBBV049873702 |
| edition | 1st ed |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zc 4500</leader><controlfield tag="001">BV049873702</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">240919s2024 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9798891136335</subfield><subfield code="9">9798891136335</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PQE)EBC31165252</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PAD)EBC31165252</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-89-EBL)EBL31165252</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1428259442</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV049873702</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-2070s</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Palmer, Philip</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">A Closer Look at the Child Tax Credit</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1st ed</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York</subfield><subfield code="b">Nova Science Publishers, Incorporated</subfield><subfield code="c">2024</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2024</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (202 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Economic Issues, Problems and Perspectives Series</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Description based on publisher supplied metadata and other sources</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Intro -- Contents -- Preface -- Chapter 1 -- The Child Tax Credit: The Impact of the American Rescue Plan Act (ARPA -- P.L. 117-2) Expansion on Income and Poverty( -- Summary -- Introduction -- The ARPA Expansion of the Child Tax Credit -- The Child Credit Before ARPA -- The ARPA Child Credit Expansion -- Impact of ARPA Child Credit Expansion -- Family as the Unit of Analysis -- Family Income Level -- Change in the Share of Families Receiving the Child Credit -- Change in Average Family Income -- Change in Poverty -- Change in Poverty Rates -- Change in the Poverty Gap -- Impact on Budgetary Cost -- Conclusion -- Appendix A. Methodology and Data -- Analytical Methodology -- Racial and Ethnic Category Methodology -- Exclusion of Small Population Groups from this Analysis -- The Family as the Unit of Analysis -- Family Income Level -- Limitations -- Appendix B. Pre-ARPA Baseline Estimates -- Number and Average Income of Families with Children -- Families with Children Receiving Pre-ARPA Child Credit -- Poverty -- Appendix C. Post-ARPA Expanded Child Credit Estimates -- Families with Children Receiving a Larger Child Credit Under ARPA -- Income -- Poverty -- Chapter 2 -- The Expanded Child Tax Credit for 2021: -- Frequently Asked Questions (FAQs)( -- A. American Rescue Plan Act of 2021 (ARPA -- P.L. 117-2) Expansion of the Child Credit -- A1. How Did the Child Credit Work Before the ARPA Expansion? -- A2. How Did ARPA Change the Child Credit? -- A3. What Features of the Credit Were Unchanged by ARPA? -- A4: Can Americans Living Abroad Receive the Fully Refundable Child Credit? -- A5. Are Servicemembers Stationed Overseas Eligible for the ARPA-Expanded Child Credit? -- A6: Can Noncitizens Receive the ARPA-Expanded Child Credit?</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">A7: Can Unauthorized Noncitizens (Sometimes Referred to As "Undocumented Immigrants") Receive the ARPA-Expanded Child Credit? -- A8. How Long Are the ARPA Changes in Effect? -- A9. How Much Is the ARPA Expansion of the Child Credit Expected to Cost (I.E., the Budgetary Impact)? -- A10: How Do Taxpayers with Children at Different Income Levels Benefit from the ARPA-Expanded Child Credit? -- B. Administration of the ARPA-Expanded Child Credit -- B1. How Was the ARPA-Expanded Child Credit Issued? -- B2. How Were the Monthly Advance Payments Calculated? -- B3. Could Taxpayers Opt Out of the Advance Payment Program? -- B4. Were Monthly Payment Amounts Adjusted When the IRS Received New Information? -- B5. Was There an Income Threshold Above Which Advance Payments Were Not Issued? -- B6. Did Otherwise Eligible Households Who, Due to Their Low Incomes, Do Not Normally File a Tax Return, Automatically Receive the Advance Payments? -- B7. Were There Any Limitations on How the Advance Payments of the Credit Could Be Spent? -- B8: How Will Taxpayers Determine the Amount of the Credit They Can Claim on Their 2021 Income Tax Return? -- B9. Will Taxpayers Need to Pay Back Excess Amounts of the Child Credit? -- B10. How Does the "Safe Harbor" Work? -- B11. Could the Advance Payments of the Credit and/or the Credit Claimed on 2021 Income Tax Returns Be Reduced for Child Support or Other Debts? -- B12. Does Receipt of the Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Affect Eligibility for Other Government Programs? -- B13. Is the ARPA-Expanded Child Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Taxable? -- B14. Did Treasury Update Wage Withholding Schedules to Reflect That up to Half of the Credit Was Issued as Advance Payments Before 2021 Tax Returns Are Filed?</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">B15. How Many Advance Payments of the 2021 Credit Were Issued? -- B16: How Do Low-Income Households That Are Not Required to File a 2021 Income Tax Return Claim the Remainder of the Child Credit? -- C. Territorial Residents and the Child Credit -- C1. Did Territorial Residents Receive the Child Credit Before ARPA? -- C2. How Did ARPA Change the Child Credit for Territorial Residents in 2021? -- C3. Did Territorial Residents Receive the Advance Payments of the 2021 Credit? -- C4. How Did ARPA Change the Child Credit for Territorial Residents After 2021? -- Appendix A. Selected Research on the ARPA-Expanded Child Credit -- I. Poverty and Economic Security -- II. Estimates of the Number of Children, Families, and Taxpayers Receiving the ARPA-Expanded Child Credit -- Children -- By State -- By Congressional District -- Families -- By State -- By Congressional District -- Taxpayers -- III. Estimates of How Families/Taxpayers Spent the Child Credit -- Appendix B. Congressional Resources -- House Ways and Means Committee -- House Appropriations Committee -- House Budget Committee -- House Financial Services Committee -- House Oversight and Reform Committee -- Senate Appropriations Committee -- Senate Finance Committee -- Senate Banking, Housing, and Urban Affairs Committee -- Joint Economic Committee -- Appendix C. IRS and Treasury Resources on the ARPA-Expanded Child Credit for 2021 -- IRS Resources for Taxpayers -- Treasury Data on Advance Payments -- Treasury Office of Tax Analysis (OTA) Studies -- IRS National Taxpayer Advocate -- Treasury Inspector General for Tax Administration -- Treasury and IRS Press Releases -- Appendix D. Steps to Reconcile Excess Advance Payments of the Child Credit Due to an Incorrect Number of Qualifying Children -- Appendix E. The Child Credit and Residents of U.S. Territories -- Chapter 3</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">How Would the Child Credit Be Calculated for 2023 Under H.R. 7024?( -- Chapter 4 -- The Child Tax Credit: How It Works and Who -- Receives It( -- Summary -- Introduction -- Current Law -- Overview of Current Credit -- Maximum Credit per Child -- Maximum Additional Child Tax Credit (ACTC) per Child, the Refundability Threshold, and Refundability Rate -- The Phaseout Threshold and Phaseout Rate -- Definition of a Qualifying Child -- ID Requirements to Claim the Child Tax Credit -- Disallowance of the Credit Due to Fraud or Reckless Disregard of the Rules -- Data on the Child Tax Credit -- Total Child Tax Credit Dollars, 1998-2018 -- Total Child Tax Credit Dollars by Income Level -- Share of Taxpayers with Children Receiving the Child Tax Credit -- Average Child Tax Credit Amount -- Chapter 5 -- Who Can Claim a Child for the Child Tax Credit?( -- Qualifying Child Rules -- Relationship Test -- Residency Test -- Multigenerational Households and Tiebreaker Rules -- Chapter 6 -- The Child Tax Credit: What Lies Ahead?( -- Recent Legislative Changes -- Proposals in the 118th Congress -- H.R. 7024 -- Budgetary Impact -- Chapter 7 -- Factors Affecting the Cost of Extending the Expanded Child Tax Credit( -- The Details of the Policy Being Extended -- The Duration of the Extension -- Other Changes to the Tax Code That Affect Child Credit Payments -- Economic and Demographic Projections -- Chapter 8 -- Effects of the Expanded Child Tax Credit on Household Expenditures during the Interview Survey Reference Period: Preliminary Evidence from the Consumer Expenditure Survey( -- Abstract -- Introduction -- The American Rescue Plan and Related Research -- Data and Methods -- Data -- Expenditure Categories -- Methods -- Results -- Conclusion -- Technical Appendix -- References -- Index -- Blank Page</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Palmer, Philip</subfield><subfield code="t">A Closer Look at the Child Tax Credit</subfield><subfield code="d">New York : Nova Science Publishers, Incorporated,c2024</subfield><subfield code="z">9798891136014</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-PQE</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-035213160</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=31165252</subfield><subfield code="l">DE-2070s</subfield><subfield code="p">ZDB-30-PQE</subfield><subfield code="q">HWR_PDA_PQE</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049873702 |
| illustrated | Not Illustrated |
| indexdate | 2024-09-19T05:21:48Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035213160 |
| oclc_num | 1428259442 |
| open_access_boolean | |
| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (202 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2024 |
| publishDateSearch | 2024 |
| publishDateSort | 2024 |
| publisher | Nova Science Publishers, Incorporated |
| record_format | marc |
| series2 | Economic Issues, Problems and Perspectives Series |
| spelling | Palmer, Philip Verfasser aut A Closer Look at the Child Tax Credit 1st ed New York Nova Science Publishers, Incorporated 2024 ©2024 1 Online-Ressource (202 Seiten) txt rdacontent c rdamedia cr rdacarrier Economic Issues, Problems and Perspectives Series Description based on publisher supplied metadata and other sources Intro -- Contents -- Preface -- Chapter 1 -- The Child Tax Credit: The Impact of the American Rescue Plan Act (ARPA -- P.L. 117-2) Expansion on Income and Poverty( -- Summary -- Introduction -- The ARPA Expansion of the Child Tax Credit -- The Child Credit Before ARPA -- The ARPA Child Credit Expansion -- Impact of ARPA Child Credit Expansion -- Family as the Unit of Analysis -- Family Income Level -- Change in the Share of Families Receiving the Child Credit -- Change in Average Family Income -- Change in Poverty -- Change in Poverty Rates -- Change in the Poverty Gap -- Impact on Budgetary Cost -- Conclusion -- Appendix A. Methodology and Data -- Analytical Methodology -- Racial and Ethnic Category Methodology -- Exclusion of Small Population Groups from this Analysis -- The Family as the Unit of Analysis -- Family Income Level -- Limitations -- Appendix B. Pre-ARPA Baseline Estimates -- Number and Average Income of Families with Children -- Families with Children Receiving Pre-ARPA Child Credit -- Poverty -- Appendix C. Post-ARPA Expanded Child Credit Estimates -- Families with Children Receiving a Larger Child Credit Under ARPA -- Income -- Poverty -- Chapter 2 -- The Expanded Child Tax Credit for 2021: -- Frequently Asked Questions (FAQs)( -- A. American Rescue Plan Act of 2021 (ARPA -- P.L. 117-2) Expansion of the Child Credit -- A1. How Did the Child Credit Work Before the ARPA Expansion? -- A2. How Did ARPA Change the Child Credit? -- A3. What Features of the Credit Were Unchanged by ARPA? -- A4: Can Americans Living Abroad Receive the Fully Refundable Child Credit? -- A5. Are Servicemembers Stationed Overseas Eligible for the ARPA-Expanded Child Credit? -- A6: Can Noncitizens Receive the ARPA-Expanded Child Credit? A7: Can Unauthorized Noncitizens (Sometimes Referred to As "Undocumented Immigrants") Receive the ARPA-Expanded Child Credit? -- A8. How Long Are the ARPA Changes in Effect? -- A9. How Much Is the ARPA Expansion of the Child Credit Expected to Cost (I.E., the Budgetary Impact)? -- A10: How Do Taxpayers with Children at Different Income Levels Benefit from the ARPA-Expanded Child Credit? -- B. Administration of the ARPA-Expanded Child Credit -- B1. How Was the ARPA-Expanded Child Credit Issued? -- B2. How Were the Monthly Advance Payments Calculated? -- B3. Could Taxpayers Opt Out of the Advance Payment Program? -- B4. Were Monthly Payment Amounts Adjusted When the IRS Received New Information? -- B5. Was There an Income Threshold Above Which Advance Payments Were Not Issued? -- B6. Did Otherwise Eligible Households Who, Due to Their Low Incomes, Do Not Normally File a Tax Return, Automatically Receive the Advance Payments? -- B7. Were There Any Limitations on How the Advance Payments of the Credit Could Be Spent? -- B8: How Will Taxpayers Determine the Amount of the Credit They Can Claim on Their 2021 Income Tax Return? -- B9. Will Taxpayers Need to Pay Back Excess Amounts of the Child Credit? -- B10. How Does the "Safe Harbor" Work? -- B11. Could the Advance Payments of the Credit and/or the Credit Claimed on 2021 Income Tax Returns Be Reduced for Child Support or Other Debts? -- B12. Does Receipt of the Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Affect Eligibility for Other Government Programs? -- B13. Is the ARPA-Expanded Child Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Taxable? -- B14. Did Treasury Update Wage Withholding Schedules to Reflect That up to Half of the Credit Was Issued as Advance Payments Before 2021 Tax Returns Are Filed? B15. How Many Advance Payments of the 2021 Credit Were Issued? -- B16: How Do Low-Income Households That Are Not Required to File a 2021 Income Tax Return Claim the Remainder of the Child Credit? -- C. Territorial Residents and the Child Credit -- C1. Did Territorial Residents Receive the Child Credit Before ARPA? -- C2. How Did ARPA Change the Child Credit for Territorial Residents in 2021? -- C3. Did Territorial Residents Receive the Advance Payments of the 2021 Credit? -- C4. How Did ARPA Change the Child Credit for Territorial Residents After 2021? -- Appendix A. Selected Research on the ARPA-Expanded Child Credit -- I. Poverty and Economic Security -- II. Estimates of the Number of Children, Families, and Taxpayers Receiving the ARPA-Expanded Child Credit -- Children -- By State -- By Congressional District -- Families -- By State -- By Congressional District -- Taxpayers -- III. Estimates of How Families/Taxpayers Spent the Child Credit -- Appendix B. Congressional Resources -- House Ways and Means Committee -- House Appropriations Committee -- House Budget Committee -- House Financial Services Committee -- House Oversight and Reform Committee -- Senate Appropriations Committee -- Senate Finance Committee -- Senate Banking, Housing, and Urban Affairs Committee -- Joint Economic Committee -- Appendix C. IRS and Treasury Resources on the ARPA-Expanded Child Credit for 2021 -- IRS Resources for Taxpayers -- Treasury Data on Advance Payments -- Treasury Office of Tax Analysis (OTA) Studies -- IRS National Taxpayer Advocate -- Treasury Inspector General for Tax Administration -- Treasury and IRS Press Releases -- Appendix D. Steps to Reconcile Excess Advance Payments of the Child Credit Due to an Incorrect Number of Qualifying Children -- Appendix E. The Child Credit and Residents of U.S. Territories -- Chapter 3 How Would the Child Credit Be Calculated for 2023 Under H.R. 7024?( -- Chapter 4 -- The Child Tax Credit: How It Works and Who -- Receives It( -- Summary -- Introduction -- Current Law -- Overview of Current Credit -- Maximum Credit per Child -- Maximum Additional Child Tax Credit (ACTC) per Child, the Refundability Threshold, and Refundability Rate -- The Phaseout Threshold and Phaseout Rate -- Definition of a Qualifying Child -- ID Requirements to Claim the Child Tax Credit -- Disallowance of the Credit Due to Fraud or Reckless Disregard of the Rules -- Data on the Child Tax Credit -- Total Child Tax Credit Dollars, 1998-2018 -- Total Child Tax Credit Dollars by Income Level -- Share of Taxpayers with Children Receiving the Child Tax Credit -- Average Child Tax Credit Amount -- Chapter 5 -- Who Can Claim a Child for the Child Tax Credit?( -- Qualifying Child Rules -- Relationship Test -- Residency Test -- Multigenerational Households and Tiebreaker Rules -- Chapter 6 -- The Child Tax Credit: What Lies Ahead?( -- Recent Legislative Changes -- Proposals in the 118th Congress -- H.R. 7024 -- Budgetary Impact -- Chapter 7 -- Factors Affecting the Cost of Extending the Expanded Child Tax Credit( -- The Details of the Policy Being Extended -- The Duration of the Extension -- Other Changes to the Tax Code That Affect Child Credit Payments -- Economic and Demographic Projections -- Chapter 8 -- Effects of the Expanded Child Tax Credit on Household Expenditures during the Interview Survey Reference Period: Preliminary Evidence from the Consumer Expenditure Survey( -- Abstract -- Introduction -- The American Rescue Plan and Related Research -- Data and Methods -- Data -- Expenditure Categories -- Methods -- Results -- Conclusion -- Technical Appendix -- References -- Index -- Blank Page Erscheint auch als Druck-Ausgabe Palmer, Philip A Closer Look at the Child Tax Credit New York : Nova Science Publishers, Incorporated,c2024 9798891136014 |
| spellingShingle | Palmer, Philip A Closer Look at the Child Tax Credit Intro -- Contents -- Preface -- Chapter 1 -- The Child Tax Credit: The Impact of the American Rescue Plan Act (ARPA -- P.L. 117-2) Expansion on Income and Poverty( -- Summary -- Introduction -- The ARPA Expansion of the Child Tax Credit -- The Child Credit Before ARPA -- The ARPA Child Credit Expansion -- Impact of ARPA Child Credit Expansion -- Family as the Unit of Analysis -- Family Income Level -- Change in the Share of Families Receiving the Child Credit -- Change in Average Family Income -- Change in Poverty -- Change in Poverty Rates -- Change in the Poverty Gap -- Impact on Budgetary Cost -- Conclusion -- Appendix A. Methodology and Data -- Analytical Methodology -- Racial and Ethnic Category Methodology -- Exclusion of Small Population Groups from this Analysis -- The Family as the Unit of Analysis -- Family Income Level -- Limitations -- Appendix B. Pre-ARPA Baseline Estimates -- Number and Average Income of Families with Children -- Families with Children Receiving Pre-ARPA Child Credit -- Poverty -- Appendix C. Post-ARPA Expanded Child Credit Estimates -- Families with Children Receiving a Larger Child Credit Under ARPA -- Income -- Poverty -- Chapter 2 -- The Expanded Child Tax Credit for 2021: -- Frequently Asked Questions (FAQs)( -- A. American Rescue Plan Act of 2021 (ARPA -- P.L. 117-2) Expansion of the Child Credit -- A1. How Did the Child Credit Work Before the ARPA Expansion? -- A2. How Did ARPA Change the Child Credit? -- A3. What Features of the Credit Were Unchanged by ARPA? -- A4: Can Americans Living Abroad Receive the Fully Refundable Child Credit? -- A5. Are Servicemembers Stationed Overseas Eligible for the ARPA-Expanded Child Credit? -- A6: Can Noncitizens Receive the ARPA-Expanded Child Credit? A7: Can Unauthorized Noncitizens (Sometimes Referred to As "Undocumented Immigrants") Receive the ARPA-Expanded Child Credit? -- A8. How Long Are the ARPA Changes in Effect? -- A9. How Much Is the ARPA Expansion of the Child Credit Expected to Cost (I.E., the Budgetary Impact)? -- A10: How Do Taxpayers with Children at Different Income Levels Benefit from the ARPA-Expanded Child Credit? -- B. Administration of the ARPA-Expanded Child Credit -- B1. How Was the ARPA-Expanded Child Credit Issued? -- B2. How Were the Monthly Advance Payments Calculated? -- B3. Could Taxpayers Opt Out of the Advance Payment Program? -- B4. Were Monthly Payment Amounts Adjusted When the IRS Received New Information? -- B5. Was There an Income Threshold Above Which Advance Payments Were Not Issued? -- B6. Did Otherwise Eligible Households Who, Due to Their Low Incomes, Do Not Normally File a Tax Return, Automatically Receive the Advance Payments? -- B7. Were There Any Limitations on How the Advance Payments of the Credit Could Be Spent? -- B8: How Will Taxpayers Determine the Amount of the Credit They Can Claim on Their 2021 Income Tax Return? -- B9. Will Taxpayers Need to Pay Back Excess Amounts of the Child Credit? -- B10. How Does the "Safe Harbor" Work? -- B11. Could the Advance Payments of the Credit and/or the Credit Claimed on 2021 Income Tax Returns Be Reduced for Child Support or Other Debts? -- B12. Does Receipt of the Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Affect Eligibility for Other Government Programs? -- B13. Is the ARPA-Expanded Child Credit-Either in the Form of Advance Payments or Claimed on a Tax Return-Taxable? -- B14. Did Treasury Update Wage Withholding Schedules to Reflect That up to Half of the Credit Was Issued as Advance Payments Before 2021 Tax Returns Are Filed? B15. How Many Advance Payments of the 2021 Credit Were Issued? -- B16: How Do Low-Income Households That Are Not Required to File a 2021 Income Tax Return Claim the Remainder of the Child Credit? -- C. Territorial Residents and the Child Credit -- C1. Did Territorial Residents Receive the Child Credit Before ARPA? -- C2. How Did ARPA Change the Child Credit for Territorial Residents in 2021? -- C3. Did Territorial Residents Receive the Advance Payments of the 2021 Credit? -- C4. How Did ARPA Change the Child Credit for Territorial Residents After 2021? -- Appendix A. Selected Research on the ARPA-Expanded Child Credit -- I. Poverty and Economic Security -- II. Estimates of the Number of Children, Families, and Taxpayers Receiving the ARPA-Expanded Child Credit -- Children -- By State -- By Congressional District -- Families -- By State -- By Congressional District -- Taxpayers -- III. Estimates of How Families/Taxpayers Spent the Child Credit -- Appendix B. Congressional Resources -- House Ways and Means Committee -- House Appropriations Committee -- House Budget Committee -- House Financial Services Committee -- House Oversight and Reform Committee -- Senate Appropriations Committee -- Senate Finance Committee -- Senate Banking, Housing, and Urban Affairs Committee -- Joint Economic Committee -- Appendix C. IRS and Treasury Resources on the ARPA-Expanded Child Credit for 2021 -- IRS Resources for Taxpayers -- Treasury Data on Advance Payments -- Treasury Office of Tax Analysis (OTA) Studies -- IRS National Taxpayer Advocate -- Treasury Inspector General for Tax Administration -- Treasury and IRS Press Releases -- Appendix D. Steps to Reconcile Excess Advance Payments of the Child Credit Due to an Incorrect Number of Qualifying Children -- Appendix E. The Child Credit and Residents of U.S. Territories -- Chapter 3 How Would the Child Credit Be Calculated for 2023 Under H.R. 7024?( -- Chapter 4 -- The Child Tax Credit: How It Works and Who -- Receives It( -- Summary -- Introduction -- Current Law -- Overview of Current Credit -- Maximum Credit per Child -- Maximum Additional Child Tax Credit (ACTC) per Child, the Refundability Threshold, and Refundability Rate -- The Phaseout Threshold and Phaseout Rate -- Definition of a Qualifying Child -- ID Requirements to Claim the Child Tax Credit -- Disallowance of the Credit Due to Fraud or Reckless Disregard of the Rules -- Data on the Child Tax Credit -- Total Child Tax Credit Dollars, 1998-2018 -- Total Child Tax Credit Dollars by Income Level -- Share of Taxpayers with Children Receiving the Child Tax Credit -- Average Child Tax Credit Amount -- Chapter 5 -- Who Can Claim a Child for the Child Tax Credit?( -- Qualifying Child Rules -- Relationship Test -- Residency Test -- Multigenerational Households and Tiebreaker Rules -- Chapter 6 -- The Child Tax Credit: What Lies Ahead?( -- Recent Legislative Changes -- Proposals in the 118th Congress -- H.R. 7024 -- Budgetary Impact -- Chapter 7 -- Factors Affecting the Cost of Extending the Expanded Child Tax Credit( -- The Details of the Policy Being Extended -- The Duration of the Extension -- Other Changes to the Tax Code That Affect Child Credit Payments -- Economic and Demographic Projections -- Chapter 8 -- Effects of the Expanded Child Tax Credit on Household Expenditures during the Interview Survey Reference Period: Preliminary Evidence from the Consumer Expenditure Survey( -- Abstract -- Introduction -- The American Rescue Plan and Related Research -- Data and Methods -- Data -- Expenditure Categories -- Methods -- Results -- Conclusion -- Technical Appendix -- References -- Index -- Blank Page |
| title | A Closer Look at the Child Tax Credit |
| title_auth | A Closer Look at the Child Tax Credit |
| title_exact_search | A Closer Look at the Child Tax Credit |
| title_full | A Closer Look at the Child Tax Credit |
| title_fullStr | A Closer Look at the Child Tax Credit |
| title_full_unstemmed | A Closer Look at the Child Tax Credit |
| title_short | A Closer Look at the Child Tax Credit |
| title_sort | a closer look at the child tax credit |
| work_keys_str_mv | AT palmerphilip acloserlookatthechildtaxcredit |