CTC and ACTC Participation Results and IRS-Census Match Methodology, Tax Year 2020

Ciyata Coleman, Charles Hokayem, Sanghun (Eric) Kim, Ethan Krohn, Krishnan Patel and Dean Plueger

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: The Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC) offer assistance to help ease the financial burden of families with children. This paper provides taxpayer and dollar participation estimates for the CTC and ACTC covering tax year 2020. The estimates derive from an approach that relies on linking the 2021 Current Population Survey Annual Social and Economic Supplement (CPS ASEC) to IRS administrative data. This approach, called the Exact Match, uses survey data to identify CTC/ACTC eligible taxpayers and IRS administrative data to indicate which eligible taxpayers claimed and received the credit. Overall in tax year 2020, eligible taxpayers participated in the CTC and ACTC program at a rate of 93 percent while dollar participation was 91 percent.

Keywords: Child Tax Credit; Additional Child Tax Credit; Participation (search for similar items in EconPapers)
JEL-codes: H24 H31 (search for similar items in EconPapers)
Date: 2024-12
New Economics Papers: this item is included in nep-pub
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https://www2.census.gov/library/working-papers/2024/adrm/ces/CES-WP-24-76.pdf First version, 2024 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:24-76

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