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EITC Expansion: More Support for Families and Students

This bill aims to increase financial support for low- and middle-income working individuals. It expands the Earned Income Tax Credit (EITC) to include more individuals with dependents, aged dependents, and qualifying students, and introduces an option for monthly payments of the credit. Additionally, the act establishes programs to assist low-income taxpayers with tax preparation.
Key points
More individuals with dependents, including aged dependents, will be eligible for the EITC.
Qualifying students will also be eligible for the EITC, with a minimum credit of $1,200.
Option to receive EITC refunds in monthly installments instead of a single lump sum.
Support for new low-income parents by adjusting EITC payments after the birth or adoption of a child.
Creation of programs to help low-income and underserved populations prepare their tax returns.
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Expired
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Additional Information
Print number: 118_HR_5421
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12]
Process start date: 2023-09-12
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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

EITC Modernization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5421.

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 2023-09-12.

What are the main provisions?

Key points include:

  • More individuals with dependents, including aged dependents, will be eligible for the EITC.
  • Qualifying students will also be eligible for the EITC, with a minimum credit of $1,200.
  • Option to receive EITC refunds in monthly installments instead of a single lump sum.
  • Support for new low-income parents by adjusting EITC payments after the birth or adoption of a child.
  • Creation of programs to help low-income and underserved populations prepare their tax returns.
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. Watson Coleman, Bonnie [D-NJ-12].

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 2025-12-25.

CATEGORIES

Taxes Family Education