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Refundable Credits by Race/Hispanic Ethnicity, Income, and Filing Status

Author

Listed:
  • Julie-Anne Cronin
  • Portia DeFilippes
  • Robin Fisher

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.

Suggested Citation

  • Julie-Anne Cronin & Portia DeFilippes & Robin Fisher, 2024. "Refundable Credits by Race/Hispanic Ethnicity, Income, and Filing Status," AEA Papers and Proceedings, American Economic Association, vol. 114, pages 649-654, May.
    • Handle: RePEc:aea:apandp:v:114:y:2024:p:649-54
    DOI: 10.1257/pandp.20241037
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    More about this item

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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