119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to increase the earned income tax credit, child tax credit, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · April 17, 2025 · Sponsor: Mrs. Cherfilus-McCormick · Committee: Committee on Ways and Means
earned income amount
calendar year 2026 calendar year 2016calendar year 2020 calendar year 2016modified adjusted gross income means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933.threshold amount means—
qualifying child means a qualifying child of the taxpayer (as defined in section 152(c)) who has not attained age 17.resident of the United States qualifying childsocial security number means a social security number issued to an individual by the Social Security Administration, but only if the social security number is issued—
, and, and by adding at the end the following new paragraph: Section 63(b)
qualified daycare expenses, and, and by adding at the end the following new paragraph:
qualified commuting expenseseligible individual
modified adjusted gross income, and, and by adding at the end the following new paragraph:
qualified tutoring expensestutoring services
, and, and by adding at the end the following new paragraph:
open end consumer credit plan credit card, and, and by adding at the end the following new paragraph:
qualifying rent paymentsapplicable threshold
modified adjusted gross income, and, and by adding at the end the following new paragraph:
20 percentand inserting 25 percent. Section 1(h)(1)(D)mirror code tax system means, with respect to any possession of the United States, the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the United States as if such possession were the United States.calendar year 2024 calendar year 2016, and at the end of subparagraph (Y), and by striking subparagraph (Z). Section 26(b)(2)section 24(k)and inserting section 36D(j). Section 48D(d)(4)section 24and inserting section 36D. Section 152(f)(6)(B)(ii)section 36D(c). Section 501(c)(26)section 24 (determined after application of subsection (j) thereof)and inserting section 36D. Section 3402(f)(1)(C)section 24and inserting section 36D. Section 6103(l)(13)(A)(v)section 24(e)and inserting section 36D(d),24, 32and inserting 32, 36D, andsection 24(g)(2) or an entry on the return claiming the credit under section 24and inserting section 36D(f)(2) or an entry on the return claiming the credit under section 36D.section 24 (by reason of subsection (d) thereof)and inserting section 36D. Section 6402(m)section 24(k)and inserting section 36D(h). Section 6417(f)section 24, 25A(a)(1), or 32and inserting section 25A(a)(1), 32, or 36D. Section 6695(g)(2)