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

Author

Listed:
  • Ciyata Coleman
  • Charles Hokayem
  • Sanghun (Eric) Kim
  • Ethan Krohn
  • Krishnan Patel
  • Dean Plueger

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.

Suggested Citation

  • Ciyata Coleman & Charles Hokayem & Sanghun (Eric) Kim & Ethan Krohn & Krishnan Patel & Dean Plueger, 2024. "CTC and ACTC Participation Results and IRS-Census Match Methodology, Tax Year 2020," Working Papers 24-76, Center for Economic Studies, U.S. Census Bureau.
    • Handle: RePEc:cen:wpaper:24-76
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    File URL: https://www2.census.gov/library/working-papers/2024/adrm/ces/CES-WP-24-76.pdf
    File Function: First version, 2024
    Download Restriction: no
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    More about this item

    Keywords

    Child Tax Credit; Additional Child Tax Credit; Participation;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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