learn more about working at cbo and check out the agency’s career opportunities
January 24, 2013
Refundable Tax Credits
The 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.
The report was prepared by Janet Holtzblatt of CBO’s Tax Analysis Division and Grant Driessen, formerly of CBO.
read the report