Family Security Act · Congress.wiki

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Legislation Details

Amends the Internal Revenue Code of 1986 to enhance the child tax credit and introduce a tax credit for pregnant mothers.
Permanently expands the child tax credit:
- Increases the base credit amount to $4,200 for children under age 6 and $3,000 for older qualifying children.
- Sets the applicable percentage at 100% for modified adjusted gross income (MAGI) of $20,000 or more, with a gradual reduction for lower incomes.
- Introduces income phase-out thresholds: $400,000 for joint returns and $200,000 for others.
- Limits the number of qualifying children for the credit to six.
- Requires taxpayers to provide social security numbers for themselves and their qualifying children to claim the credit.
Establishes a new tax credit for pregnant mothers:
- Provides a credit of $2,800 for eligible taxpayers with a qualifying unborn child.
- Sets the applicable percentage at 100% for MAGI of $10,000 or more, with a reduction for lower incomes.
- Defines a qualifying unborn child as one with a gestational age of 20 weeks or greater, certified by a physician.
- Allows the credit to be claimed even in cases of involuntary death of the unborn child after 20 weeks.
Introduces advance payments for the credit for pregnant mothers, similar to the child tax credit.
Simplifies the earned income credit for taxpayers with children, increasing credit limits and adjusting income thresholds.
Eliminates the additional exemption for dependents starting in 2026.
Removes the head of household filing status from the tax code.
Excludes children from the credit for expenses related to household and dependent care services.
Limits individual deductions for state and local taxes to $30,000, with specific exceptions, starting in 2026.

Amends the Internal Revenue Code of 1986 to enhance the child tax credit and introduce a tax credit for pregnant mothers.
Permanently expands the child tax credit:
- Increases the base credit amount to $4,200 for children under age 6 and $3,000 for older qualifying children.
- Sets the applicable percentage at 100% for modified adjusted gross income (MAGI) of $20,000 or more, with a gradual reduction for lower incomes.
- Introduces income phase-out thresholds: $400,000 for joint returns and $200,000 for others.
- Limits the number of qualifying children for the credit to six.
- Requires taxpayers to provide social security numbers for themselves and their qualifying children to claim the credit.
Establishes a new tax credit for pregnant mothers:
- Provides a credit of $2,800 for eligible taxpayers with a qualifying unborn child.
- Sets the applicable percentage at 100% for MAGI of $10,000 or more, with a reduction for lower incomes.
- Defines a qualifying unborn child as one with a gestational age of 20 weeks or greater, certified by a physician.
- Allows the credit to be claimed even in cases of involuntary death of the unborn child after 20 weeks.
Introduces advance payments for the credit for pregnant mothers, similar to the child tax credit.
Simplifies the earned income credit for taxpayers with children, increasing credit limits and adjusting income thresholds.
Eliminates the additional exemption for dependents starting in 2026.
Removes the head of household filing status from the tax code.
Excludes children from the credit for expenses related to household and dependent care services.
Limits individual deductions for state and local taxes to $30,000, with specific exceptions, starting in 2026.