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2025 Tax Relief: Refundable Credit for Federal Income Tax

This new law introduces a one-time tax relief for individuals in 2025. Citizens may receive a refund of 10% of their paid federal income tax, potentially reducing their financial burden. The credit is available to individuals with incomes below specific thresholds.
Key points
Opportunity to receive a 10% refund of federal income tax paid in 2025.
The credit applies to individuals whose modified adjusted gross income does not exceed $100,000 ($200,000 for joint filers).
The aim is to alleviate financial burdens on citizens due to high costs and tariffs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2802
Sponsor: Rep. Vasquez, Gabe [D-NM-2]
Process start date: 2025-04-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tax Relief from Tariffs and High Costs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2802.

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 2025-04-09.

What are the main provisions?

Key points include:

  • Opportunity to receive a 10% refund of federal income tax paid in 2025.
  • The credit applies to individuals whose modified adjusted gross income does not exceed $100,000 ($200,000 for joint filers).
  • The aim is to alleviate financial burdens on citizens due to high costs and tariffs.
What is the specific legal status?

The current status is Introduced.

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. Vasquez, Gabe [D-NM-2].

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 2025-12-22.

CATEGORIES

Taxes