Economic Stimulus Bill Part 3

Updated and Refundable Child Tax Credit
As it currently stands, the new bill would make the standard child tax credit refundable for both 2009 and 2010. Currently, the child tax credit is refundable based on the 15% of earned income in excess of $8,500. This threshold would be eliminated, thereby making the tax credit fully refundable. Essentially, that means more taxpayers would be able to receive the child tax credit even if they have zero tax liability.