Worker Relief: Expanded Tax Credits for Students and Families.
This act expands and improves the Earned Income Tax Credit (EITC) to include more students and individuals caring for dependents. It also introduces the option for monthly advance payments of this credit, potentially improving financial stability for many households. The changes aim to increase financial support for lower-income individuals.
Key points
Students can now qualify for the EITC if they meet specific income and educational criteria.
Individuals caring for sick or elderly family members may be treated as having earned income, making them eligible for the credit.
The option for monthly advance payments of the EITC is introduced, helping with household budget management.
Credit amounts and income thresholds for phase-out are increased, meaning more support for eligible individuals.
Outreach programs, including consultations and an online portal, are established to help citizens understand and access the credit.
Expired
Additional Information
Print number: 117_HR_4665
Sponsor: Rep. Moore, Gwen [D-WI-4]
Process start date: 2021-07-22