Modifies the social security number requirements for claiming the Child Tax Credit and the Earned Income Tax Credit.
Requires taxpayers to include their social security number and that of each qualifying child on their tax return to claim the Child Tax Credit.
Defines a valid social security number as one issued by the Social Security Administration to a U.S. citizen or pursuant to specific provisions of the Social Security Act, and issued before the due date of the tax return.
Applies these changes to taxable years beginning in 2025.
Removes certain existing provisions related to the Child Tax Credit for taxable years beginning in 2025.
Amends the Earned Income Tax Credit section to require a social security number as defined for the Child Tax Credit.
Specifies that these amendments will take effect for taxable years beginning after December 31, 2024.
