Margot Crandall-Hollick

Sep 6, 2024 | taxpolicycenter.org | Margot Crandall-Hollick |Nikhita Airi |Richard C. Auxier |Robert McClelland

The American Rescue Plan Act of 2021 (ARP) temporarily expanded the so-called “childless” EITC, or the earned income tax credit for workers without children at home. The maximum credit for these workers nearly tripled to just over $1,500, and, for the first time, many workers between the ages of 19 and 24 and 65 and older became eligible.

Sep 6, 2024 | urban.org | Margot Crandall-Hollick |Nikhita Airi |Richard C. Auxier

The American Rescue Plan Act of 2021 (ARP) temporarily expanded the so-called “childless” EITC, or the earned income tax credit for workers without children at home. The maximum credit for these workers nearly tripled to just over $1,500, and, for the first time, many workers between the ages of 19 and 24 and 65 and older became eligible.

Sep 4, 2024 | taxpolicycenter.org | Margot Crandall-Hollick

Many families find child care expensive and difficult to access. Senators Tim Kaine (D-VA) and Katie Britt (R-AL) have proposed legislation that would expand the child and dependent care credit, offering families a larger tax subsidy to offset some of their care expenses. The proposal makes important improvements to the credit, but additional changes could help more low-income families. How does the child and dependent care credit work for families today?

Aug 29, 2024 | taxpolicycenter.org | Margot Crandall-Hollick

Democratic presidential nominee Kamala Harris has vowed to make permanent temporary expansions to the child tax credit (CTC) and earned income tax credit (EITC) enacted by 2021’s American Rescue Plan (ARP) Act. Alone, these expansions would provide valuable resources to many low-income families, reducing poverty and material hardships in the short term, as well as improving education outcomes and future earnings in the longer term.

Jul 31, 2024 | taxpolicycenter.org | Margot Crandall-Hollick

In a 2021 interview, Republican Vice Presidential candidate JD Vance indicated that families with children should pay less in taxes than childless taxpayers at the same income level. The thing is, they often already do, thanks to numerous tax benefits available to them like the earned income tax credit (EITC), the child tax credit (CTC), the child and dependent care credit and tax-advantaged accounts for employer-provided child care in addition to head of household filing status.