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Comparing the CDCTC and CTC

Description:

The American Rescue Plan Act of 2021 temporarily expanded two tax credits that support families with children—the Child and Dependent Care Tax Credit and the Child Tax Credit. Because both tax credits support families with children, they are often conflated. The following explainer delineates the two tax mechanisms to help policymakers and advocates better speak to their valuable, distinct roles. (author abstract)

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Fact Sheets & Briefs
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Release: 'v1.77.0' | Built: 2024-05-14 14:23:10 EDT