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Tax Relief: Excluding Dependent Income for Health Insurance Credits.

This act aims to make health insurance tax credits more accessible for families. It proposes that earned income of dependent children and young adults will not be counted towards the family's total income when calculating eligibility for these credits. This could lead to lower health insurance costs for many families.
Key points
Income from work of dependents under 18 will not be included in family income for health insurance tax credit calculations.
Income of young adults (up to 24) who are students or in job training programs may also be excluded, under certain conditions.
These changes could reduce health insurance costs for families with working dependents, increasing their access to financial aid.
There is a limit to the dependent income exclusion – it cannot exceed 15% of the taxpayer's modified adjusted gross income.
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Additional Information
Print number: 117_S_148
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2021-02-02
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Dependent Income Exclusion Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_148.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-02.

What are the main provisions?

Key points include:

  • Income from work of dependents under 18 will not be included in family income for health insurance tax credit calculations.
  • Income of young adults (up to 24) who are students or in job training programs may also be excluded, under certain conditions.
  • These changes could reduce health insurance costs for families with working dependents, increasing their access to financial aid.
  • There is a limit to the dependent income exclusion – it cannot exceed 15% of the taxpayer's modified adjusted gross income.
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 Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Family Benefits