Tax Credits
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Report
Effective Marginal Tax Rates for Low- and Moderate-Income Workers in 2016
November 19, 2015In 2016, low- and moderate-income workers will face an effective marginal tax rate of 31 percent, on average. Federal individual income and payroll taxes will be the main contributors.
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Report
Federal Housing Assistance for Low-Income Households
September 9, 2015CBO describes federal housing assistance to low-income households and how it has changed since 2000, provides information about the households that receive assistance, and assesses options for altering that assistance.
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Report
Growth in Means-Tested Programs and Tax Credits for Low-Income Households
February 11, 2013During the past 40 years, federal spending for major means-tested programs and tax credits for low-income households more than tripled as a share of gross domestic product. In 2012, such spending totaled $588 billion.
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Report
Refundable Tax Credits
January 24, 2013The number and cost of refundable tax credits have grown considerably since 1975. Federal costs (in 2013 dollars) peaked at $238 billion in 2008, but costs will fall to $149 billion in 2013 before reaching $213 billion in 2021.