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Increased Tax Credits for Working Families and Low-Income Individuals

This bill aims to increase the Earned Income Tax Credit (EITC), potentially putting more money back into the pockets of low and middle-income individuals and families. These changes could improve their financial well-being. The new rules will apply to tax years starting after December 31, 2025.
Key points
Higher EITC amounts, meaning larger tax refunds for eligible individuals.
Increased income thresholds before the credit starts to phase out, allowing more people to qualify for the full credit.
Greater benefits for married couples filing jointly, potentially providing them with additional financial advantages.
Adjustments for inflation to ensure the credit's value is maintained over time.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2800
Sponsor: Rep. Vasquez, Gabe [D-NM-2]
Process start date: 2025-04-09