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Bill to Reform Child Tax Credit Eligibility Clears House Committee

On March 16, the House Ways and Means Committee approved, 21-15, H.R. 4722, a bill to require the inclusion of an individual’s Social Security Number (SSN) in order to claim the refundable portion of the Child Tax Credit (CTC), as amended.

Current law permits taxpayers with SSNs and Individual Taxpayer Identification Numbers (individuals who are not eligible for SSNs, but still have tax obligations) to claim the refundable portion of the CTC. Under H.R. 4722, only individuals with SSNs would be eligible to claim the credit. In the case of married taxpayers, at least one spouse would be required to have an SSN.

The Joint Committee on Taxation estimates that the bill would produce $19.9 billion in savings over ten years.

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