To amend the Internal Revenue Code of 1986 to establish a refundable young adult tax credit with monthly advance payment.
Young Adult Tax Credit Act
This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States.
The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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