H.R. 1425

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to increase the amount of the child tax credit, to make such credit fully refundable, to remove income limitations from such credit, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · February 18, 2025 · Sponsor: Mr. Mackenzie · Committee: Committee on Ways and Means

Table of contents

• H.R. 1425
  • SEC. 1. Child tax credit improvements

SEC. 1. Child tax credit improvements

• (a) Increase in credit amount
  • of the Internal Revenue Code of 1986 is amended by striking striking,000and inserting $5,000. Section 24(a)
• (b) Removal of income limitations
  • Section 24 of such Code is amended by striking subsection (b).
• (c) Removal of deadwood
  • Section 24 of such Code is amended by striking subsections (i) and (j).
  • Section 24(k)(2) of such Code is amended—
    • by striking subparagraph (A), and
    • by striking .
  • Section 24(k)(3)(A) of such Code is amended by striking .
    • (ii) In the case of a taxable year with respect to which a plan is not approved under subparagraph (B), rules similar to the rules of paragraph (2) shall apply with respect to bona fide residents of American Samoa (within the meaning of section 937(a)).
  • Section 24(k)(3)(C)(ii) of such Code is amended to read as follows:
  • Chapter 77 of such Code is amended by striking section 7527A (and by striking the item relating to such section in the table of sections for such chapter).
• (d) Conforming amendments
  • Section 24(h) of such Code is amended by striking paragraphs (2) and (3).
• (e) Effective date
  • The amendments made by this section shall apply to taxable years beginning after December 31, 2024.