Refundable Tax Credits

January 24, 2013
Report

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.

Corrections and Updates

Corrected: On January 25, 2013, the report was reposted with a correction on page 31 that correctly identifies the requester as the Ranking Member of the Senate Committee on Finance.