Social Sciences
8 years ago

Child tax credit doubled to $1,000 under new tax law.

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The Child Tax Credit After the Economic Growth and Tax Relief Reconciliation Act of 2001
Gregg A. Esenwein

Paper Summary

The child tax credit was increased from 500to500 to 500to1,000 by the Economic Growth and Tax Relief Reconciliation Act of 2001. This change aimed to better reflect a family's reduced ability to pay taxes as family size increased.

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