EITC Modernization Act
Introduced Jan 31, 2025 by Rep. Bonnie Watson Coleman
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill expands eligibility for the earned income tax credit (EITC), provides a minimum EITC amount of $1,200 (subject to limitations), and allows an individual to receive the EITC as monthly payments. The bill also establishes a grant program for tax return preparation assistance for low-income individuals.
Under the bill, EITC eligibility is expanded to include a student who meets certain requirements and an individual with a qualifying dependent, which includes a
qualifying child,
dependent who attains the age of 65 within the tax year and for whom the individual may claim a tax deduction for a personal exemption, and
Read the full summary on Congress.govSummary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.