Earned Income Tax Credit Improvement and Simplification Act 2017

Earned Income Tax Credit Improvement and Simplification Act 2017

This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) allow the credit for an individual who has no qualifying children, has attained the age of 21 but not 25, and is not a full-time student; (2) increase the credit rate and amount for individuals with no qualifying children; (3) allow the credit for an individual whose qualifying children do not have valid Social Security numbers; (4) revise eligibility rules relating to married individuals living apart and qualifying children claimed by another family member; and (5) repeal the denial of such credit for taxpayers with excess investment income.