Revenue loss estimates of the EITC and CTC (billions of dollars), 2012–2017
Fiscal year | Earned income tax credit | Child tax credit | ||
---|---|---|---|---|
Total | Refundable | Total | Refundable | |
2012 | $59.0 | $51.4 | $56.8 | $29.6 |
2013 | 60.9 | 53.2 | 57.3 | 30.8 |
2014 | 67.0 | 58.0 | 57.9 | 31.2 |
2015 | 66.5 | 57.7 | 58.4 | 31.1 |
2016 | 66.3 | 57.6 | 58.9 | 30.6 |
2017 | 65.3 | 56.8 | 59.0 | 30.3 |
2013–2017 | $325.9 | $283.2 | $291.6 | $154.0 |
Source: Joint Committee on Taxation (2013)