Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

CTC amounts for 2021 in policy_current_law.json need correction #2821

Open
towashington opened this issue Oct 1, 2024 · 2 comments
Open

Comments

@towashington
Copy link

Note: This issue seems related to issue #2621, though not exactly the same.

Description: The ARPA lifted the CTC amounts for (and only for ) 2021. See details here, but:

  1. For tax year 2021, the CTC increased from $2,000 per qualifying child to $3,600 for children ages 5 and under at the end of 2021, and $3,000 for children ages 6 through 17 at the end of 2021, but
  2. The $500 nonrefundable Credit for Other Dependents amount has not changed.

Accordingly, the 2021 value of param CTC_c in policy_current_law.json should be corrected.

@martinholmer
Copy link
Collaborator

martinholmer commented Oct 4, 2024

@towashington, Can you provide a simple test case for which Tax-Calculator gets the wrong amounts in 2021 for any of the following variables?

ctc_total
ctc_nonrefundable
ctc_refundable

@martinholmer
Copy link
Collaborator

@towashington, Are you aware of the fact that Tax-Calculator has several CTC_new_ policy parameters that came into play for 2021 only?

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

No branches or pull requests

2 participants