Child Tax Credit Improvement Act of 2014

July 25, 2014 | H.R. 4935

This legislation expands eligibility for the Child Tax Credit (CTC) by raising the threshold to $150,000 per year, but fails to permanently extend an expiring provision that allows low income families to access the credit. Over 60 percent of families using the refundable CTC earn less than $25,000 per year. Nearly half of these families are raising children on wages of $10 an hour or less. Failing to permanently extend access for low-income families could take money out of the pockets of working families and hurt children at a time when child poverty is at its highest level in decades. The legislation would also deny the refundable portion of the credit to immigrants who file taxes with an IRS-issued Individual Tax Identification Number (ITIN) and are currently eligible, resulting in over two million working families and 5.5 million children being denied the credit, 4.5 million of whom are U.S. citizens. The legislation passed.