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Faster Tax Refunds for Child and Low-Income Credits.

New rules aim to speed up tax refunds for individuals claiming child tax credits or low-income credits. Instead of a fixed date, refunds can be issued earlier once the tax authority completes data verification. This means taxpayers could receive their overpayment money sooner than before.
Key points
Accelerates tax refunds for taxpayers claiming child credits (Section 24) or earned income credits (Section 32).
Refunds can be issued earlier: either after the IRS completes data matching, or by the 15th day of the second month following the close of the tax year, whichever comes first.
The changes apply to credits and refunds made after the law's enactment date.
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Additional Information
Print number: 117_HR_6460
Sponsor: Rep. Pascrell, Bill, Jr. [D-NJ-9]
Process start date: 2022-01-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to modify the mandatory delay in making certain refunds.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6460.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-01-20.

What are the main provisions?

Key points include:

  • Accelerates tax refunds for taxpayers claiming child credits (Section 24) or earned income credits (Section 32).
  • Refunds can be issued earlier: either after the IRS completes data matching, or by the 15th day of the second month following the close of the tax year, whichever comes first.
  • The changes apply to credits and refunds made after the law's enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Pascrell, Bill, Jr. [D-NJ-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Family Benefits