HR. 905In Committee
EITC Modernization Act
Expands earned income tax credit eligibility, creates a $1,200 minimum credit, allows monthly EITC payments, and sets up tax preparation grants for low-income taxpayers
Plain-English overview
What this bill does
Expands earned income tax credit eligibility, creates a $1,200 minimum credit, allows monthly EITC payments, and sets up tax preparation grants for low-income taxpayers
Key points
- Establish minimum EITC amount
- Establish tax preparation grants
- Allow monthly EITC payments
- Expand EITC eligibility
Current status
Where it stands
Status
In Committee
Latest action
2025-01-31 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation