AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Refundable Credits by Race/Hispanic Ethnicity, Income, and Filing Status
AEA Papers and Proceedings
vol. 114,
May 2024
(pp. 649–54)
Abstract
Using the US Department of the Treasury's tax model with an updated race and Hispanic ethnicity (RH) imputation, we find that Hispanic and Black families are not more likely than White families to benefit from the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC) within strata defined by income, RH, filing status, and the presence of children. Average EITC and CTC benefits are still generally higher for Hispanic families, but average CTC benefits are generally lower for Asian and Hispanic families who are married with children.Citation
Cronin, Julie-Anne, Portia DeFilippes, and Robin Fisher. 2024. "Refundable Credits by Race/Hispanic Ethnicity, Income, and Filing Status." AEA Papers and Proceedings, 114: 649–54. DOI: 10.1257/pandp.20241037Additional Materials
JEL Classification
- H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
- I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
- J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination