HR 905 · 119th CongressIn Committeecongress.gov ↗

EITC Modernization Act

What this bill does

AI plain-language summary

This bill makes more people eligible for a tax credit called the earned income tax credit (EITC), including younger workers starting at age 18, certain students, and people caring for older or disabled family members. It sets a minimum credit amount of $1,200 and lets people receive their credit in monthly payments instead of waiting until they file their taxes, with extra payments available for new parents. The bill also creates a grant program to help low-income people and underserved communities get free assistance preparing their tax returns.

Introduced

January 31, 2025

Policy Area

Taxation

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