What is the official ID of this bill?

The official print number for this legislation is S 148.

When did the legislative process begin?

The process officially started on 2021-02-02.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s148/BILLS-117s148is.htm

Is this summary verified?

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

Who is the primary sponsor?

The primary sponsor is Sen. Cortez Masto, Catherine [D-NV].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 148

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Relief: Excluding Dependent Income for Health Insurance Credits.

Q: 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.

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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Status:

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Additional Information

Dependent Income Exclusion Act of 2021

Print number: S 148

Sponsor: Sen. Cortez Masto, Catherine [D-NV]

Process start date: 2021-02-02

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

AI work logs for this document launch

Tax Relief: Excluding Dependent Income for Health Insurance Credits.

Key Questions about Tax Relief: Excluding Dependent Income for Health Insurance Credits.