,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #ebga ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,novemb] #bf1 #bjai,ms4 ,moore 7= h]self1 ,ms4 ,fudge1 ,mr4 ,bi%op ( ,georgia1 ,ms4 ,bass1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,clay1 ,mrs4 ,c>olyn ,b4 ,maloney ( ,new ,york1 ,mr4 ,danny ,k4 ,davis ( ,ill9ois1 ,mr4 ,ru%1 ,mr4 ,butt]field1 ,mrs4 ,watson ,coleman1 ,ms4 ,om>1 ,ms4 ,jackson ,lee1 ,ms4 ,norton1 ,ms4 ,s*ak[sky1 ,mr4 ,coh51 ,ms4 ,tlaib1 ,mr4 ,pocan1 ,mr4 ,nadl]1 ,ms4 ,escob>1 ,mr4 ,ha/+s1 ,ms4 ,jayapal1 ,ms4 ,judy ,*u ( ,cali=nia1 ,mr4 ,huffman1 ,mrs4 ,lawr5ce1 ,ms4 ,pressley1 ,mr4 ,g>ca ( ,ill9ois1 ,mr4 ,khanna1 ,ms4 ,g>cia ( ,texas1 ,ms4 ,haal&1 ,mr4 ,grijalva1 ,mr4 ,cicill9e1 & ,mr4 ,ryan7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to exp& & improve ! e>n$ income tax cr$it4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,work] ,relief & ,cr$it ,re=m ,act ( #bjai or z ! ,,wrcr ,act ( #bjai4 #b4 ,expansion & improvem5t ( e>n$ income tax cr$it 7a7 ,application to /ud5ts 7#a7 ,9 g5]al ,section #cb7;c77#a77;,a77i7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ :o is a qualify+ /ud5t or aft] any individual4 7#b7 ,qualify+ /ud5t ,section #cb7;c7 ( su* ,code is am5d$ by r$esignat+ p>agraph 7#d7 z p>agraph 7#e7 & ins]t+ aft] p>agraph 7#c7 ! foll[+ new p>agraph3 7#d7 ,qualify+ /ud5t 7,a7 ,9 g5]al ,! t]m qualify+ /ud5t means1 ) respect to any taxable ye>1 any individual :o-- 7i7 is an eligible /ud5t 7z def9$ 9 section #be;,a7b77#c77 ) respect to at lea/ "o academic p]iod beg9n+ dur+ su* taxable ye>1 7ii7 ei!r-- 7,i7 qualifies = a ,f$]al ,pell ,grant ) respect to su* academic p]iod1 or 7,,ii7 meets ! requirem5ts ( subp>agraph 7,b7 or 7,c7 = ! taxable ye>1 & 7iii7 is n a dep5d5t = :om a d$uction is all[able "u section #aea to ano!r taxpay] = any taxable ye> beg9n+ 9 ! same cal5d> ye> z su* taxable ye>4 7,b7 ,indep5d5t /ud5ts ,9 ! case ( any indep5d5t /ud5t1 ! requirem5ts ( ?is subp>agraph are met = su* taxable ye> if ! h\sehold income ( ! taxpay] is less ?an #cjj p]c5t ( ! pov]ty l9e = ! size ( ! family involv$ = ! taxable ye>4 7,c7 ,o!r /ud5ts 7i7 ,9 g5]al ,9 ! case ( any individual :o is n an indep5d5t /ud5t1 ! requirem5ts ( ?is subp>agraph are met = su* taxable ye> if ! aggregate h\sehold incomes ( all ! individual's specifi$ support]s 7& ! taxpay] if n o!rwise tak5 into acc\nt7 = ! taxable ye>s ( su* support]s :i* end 9 or ) ! cal5d> ye> 9 :i* su* individual's taxable ye> beg9s is less ?an #cjj p]c5t ( ! pov]ty l9e = ! size ( ! family involv$ 7det]m9$ on a s+le aggregate basis7 = ! taxable ye>4 7ii7 ,specifi$ support] ,! t]m specifi$ support] means1 ) respect to any individual describ$ 9 clause 7i71 any taxpay] ) respect to :om su* individual 0 a dep5d5t = any taxable ye> end+ 9 ! #c-ye> p]iod describ$ 9 subp>agraph 7,d77i74 7,d7 ,indep5d5t /ud5t def9$ 7i7 ,9 g5]al ,! t]m indep5d5t /ud5t means any individual if su* individual 0 n a dep5d5t ( ano!r taxpay] = any taxable ye> end+ 9 ! #c-ye> p]iod :i* ends on ! fir/ day ( ! fir/ academic p]iod ) respect to :i* su* individual is an eligible /ud5t 7z def9$ 9 section #be;,a7b77#c774 7ii7 ,c]ta9 academic p]iods disreg>d$ ,an academic p]iod %all be disreg>d$ "u clause 7i7 if su* academic p]iod ends m ?an #b ye>s be=e ! beg9n+ ( ! next academic p]iod ) respect to :i* ! individual is an eligible /ud5t 7z def9$ 9 section #be;,a7b77#c774 7,e7 ,o!r def9itions 7i7 ,h\sehold income ,! t]m h\sehold income has ! mean+ giv5 su* t]m 9 section #cf;,b7d77#b74 7ii7 ,pov]ty l9e ,! t]m pov]ty l9e has ! mean+ giv5 su* t]m 9 section #cf;,b7d77#c77;,a74 7iii7 ,family size ,! family size involv$ ) respect to any taxpay] %all be det]m9$ "u rules simil> to ! rules ( section #cf;,b7d77#a74 4 7#c7 ,con=m+ am5dm5t ,section #cb7;c77#a77;,a77ii7 ( su* ,code is am5d$ by /rik+ any o!r individual :o does n h a qualify+ *ild & ins]t+ any individual n describ$ 9 clause 7i74 7b7 ,modification ( age requirem5ts ,section #cb7;c77#a77;,a77ii77,,ii7 ( su* ,code is am5d$ by /rik+ has atta9$ age #be b n atta9$ age #fe & ins]t+ has atta9$ age #ah4 7c7 ,c>e-,giv+ & le>n+ tak5 into acc\nt z comp5sat$ "w ,section #cb7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#c7 ,special rule = qualify+ /ud5ts & c]ta9 individuals ) "o or m qualify+ dep5d5ts ,= purposes ( p>agraph 7#a71 any individual-- 7,a7 :o is a qualify+ /ud5t1 or 7,b7 :o has a qualify+ dep5d5t1 %all be treat$ z hav+ e>n$ income = ! taxable ye> :i* is equal to ! e>n$ income am\nt ) respect to su* individual = su* taxable ye>4 4 7d7 ,treatm5t ( c]ta9 qualify+ relatives 7#a7 ,9 g5]al ,section #cb7;c77#c7 ( su* ,code is am5d$ by /rik+ all t prec$es subp>agraph 7,b7 & ins]t+ ! foll[+3 7#c7 ,qualify+ dep5d5t 7,a7 ,9 g5]al ,! t]m qualify+ dep5d5t means-- 7i7 a qualify+ *ild ( ! taxpay]1 z def9$ 9 section #aeb7;c71 det]m9$-- 7,i7 by sub/itut+ #ab = #ai 9 p>agraph 7#c77;,a77i7 !re(1 & 7,,ii7 )\t reg>d to p>agraphs 7#a77;,d7 & 7#c77;,a77ii7 !re( & section #aeb7;e71 7ii7 any individual :o is physically or m5tally incapable ( c>+ = himself or h]self 7)9 ! mean+ ( section #ba7;b77#a77 & :o-- 7,i7 is ! taxpay]'s sp\se1 or 7,,ii7 is a qualify+ relative ( ! taxpay]1 z def9$ 9 section #aeb7;d71 det]m9$ )\t reg>d to p>agraph 7#a77;,b7 !re( & by treat+ an individual z a qualify+ *ild ( ! taxpay] = purposes ( p>agraph 7#a77;,d7 !re( only if su* individual is a qualify+ *ild ( ! taxpay] z det]m9$ "u clause 7i7 ( ?is subp>agraph1 or 7iii7 any qualify+ relative ( ! taxpay] 7z def9$ 9 section #aeb7;d71 det]m9$ )\t reg>d to p>agraph 7#a77;,b7 !re(7 :o has atta9$ age #fe z ( ! close ( ! cal5d> ye> 9 :i* ! taxable ye> ( ! taxpay] beg9s4 ,= purposes ( det]m9+ if any individual is a qualify+ relative ( ! taxpay] "u clause 7ii77,,ii7 or 7iii71 section #aeb7;d77#a77;,c7 %all be appli$ by n tak+ into acc\nt any b5efits receiv$ by su* individual pursuant to any ,f$]al program 7or any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds7 relat$ to heal? c>e1 ca% aid1 *ild c>e1 food assi/ance1 h\s+ & developm5t1 social s]vices1 employm5t & tra9+1 or en]gy assi/ance4 4 7#b7 ,con=m+ am5dm5ts 7,a7 ,section #cb7;c77#a77;,a77i7 ( su* ,code are ea* am5d$ by /rik+ qualify+ *ild & ins]t+ qualify+ dep5d5t4 7,b7 ,section #cb7;c77#a77;,b7 ( su* ,code is am5d$-- 7i7 by /rik+ qualify+ *ild & ins]t+ qualify+ dep5d5t1 & 7ii7 by /rik+ *ild 9 ! head+ & ins]t+ dep5d5t4 7,c7 ,section #cb7;c77#a77;,f7 ( su* ,code is am5d$-- 7i7 by /rik+ qualify+ *ildr5 & ins]t+ qualify+ dep5d5ts1 7ii7 by /rik+ qualify+ *ild & ins]t+ qualify+ dep5d5t1 & 7iii7 by /rik+ qualify+ *ild 9 ! head+ & ins]t+ qualify+ dep5d5t4 7,d7 ,section #cb7;c77#c77;,d77i7 ( su* ,code is am5d$ by /rik+ qualify+ *ild bo? places x appe>s & ins]t+ qualify+ dep5d5t4 7e7 ,modification ( p]c5tages & am\nts 7#a7 #ajj p]c5t cr$it p]c5tage ,p>agraph 7#a7 & p>agraph 7#b77;,a7 ( section #cb7;a7 ( su* ,code are ea* am5d$ by /rik+ ! cr$it p]c5tage (4 7#b7 #bj p]c5t phase\t p]c5tage ,section #cb7;a77#b77;,b7 ( su* ,code is am5d$ by /rik+ ! phase\t p]c5tage & ins]t+ #bj p]c5t4 7#c7 ,modification ( e>n$ income & phase\t am\nts ,section #cb7;b7 ( su* ,code is am5d$ to read z foll[s3 7b7 ,e>n$ income am\nt2 phase\t am\nt ,= purposes ( ?is section-- 7#a7 ,e>n$ income am\nt ,! t]m e>n$ income am\nt means #d1jjj 7twice su* am\nt 9 ! case ( a jo9t return74 7#b7 ,phase\t am\nt ,! t]m phase\t am\nt means #cj1jjj 7#ej1jjj 9 ! case ( a jo9t return74 7#c7 ,inflation adju/m5t ,9 ! case ( any taxable ye> beg9n+ aft] #bjai1 ! #d1jjj am\nt 9 p>agraph 7#a7 & ea* doll> am\nt 9 p>agraph 7#b7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ #bjah = #bjaf 9 subp>agraph 7,a77ii7 !re(4 ,if any increase "u ! prec$+ s5t5ce is n a multiple ( #ej1 su* increase %all be r\nd$ to ! next l[e/ multiple ( #ej4 4 7#d7 ,con=m+ am5dm5ts 7,a7 ,section #cb7;i7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#c7 ,inflation adju/m5t 7,a7 ,9 g5]al ,9 ! case ( any taxable ye> beg9n+ aft] #bjah1 ! #b1bjj am\nt 9 subsection 7i77#a7 %all be increas$ by an am\nt equal to-- 7i7 su* doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye> 9 :i* ! taxable ye> beg9s1 det]m9$ by sub/itut+ #aiie = #bjaf 9 subp>agraph 7,a77ii7 !re(4 7,b7 ,r\nd+ ,if any increase "u subp>agraph 7,a7 is n a multiple ( #ej1 su* increase %all be r\nd$ to ! next l[e/ multiple ( #ej4 4 7,b7 ,section #cb ( su* ,code is am5d$ by /rik+ subsection 7j74 7f7 ,increas$ cr$it = c]ta9 unm>ri$ individuals ) #b or m qualify+ *ildr5 7#a7 ,9 g5]al ,section #cb ( su* ,code is am5d$ by ins]t+ aft] subsection 7f7 ! foll[+ new subsection3 7g7 ,increas$ cr$it = c]ta9 unm>ri$ individuals ) #b or m qualify+ *ildr5 7#a7 ,9 g5]al ,9 ! case ( a qualifi$ individual1 ! am\nt ( ! cr$it o!rwise det]m9$ "u subsection 7a7 %all be increas$ by ! am\nt ( ! cr$it det]m9$ "u ?is section z su* section 0 9 effect = taxable ye>s beg9n+ 9 #bjah b ) ! modifications describ$ 9 p>agraph 7#b74 7#b7 ,modifications ,solely = purposes ( det]m9+ ! increase "u p>agraph 7#a7-- 7,a7 ,cr$it p]c5tage ,! cr$it p]c5tage %all be equal to-- 7i7 9 ! case ( a qualifi$ individual ) #b qualify+ *ildr51 #ab4e p]c5t1 & 7ii7 9 ! case ( a qualifi$ individual ) #c or m qualify+ *ildr51 #ah4ge p]c5t4 7,b7 ,phase\t p]c5tage ,! phase\t p]c5tage %all be equal to #e p]c5t4 7,c7 ,application ( inflation adju/m5t ,section #cb7;j7 z 9 effect = taxable ye>s beg9n+ 9 #bjah %all be appli$ by tak+ into acc\nt ! taxable ye> = :i* ! increase "u p>agraph 7#a7 is det]m9$4 7#c7 ,qualifi$ individual ,= purposes ( ?is subsection1 ! t]m qualifi$ individual means any individual :o-- 7,a7 is n m>ri$ 7z det]m9$ "u section #ggjc71 & 7,b7 has #b or m qualify+ *ildr54 7#d7 ,qualify+ *ild ,= purposes ( ?is subsection1 ! t]m qualify+ *ild means a *ild describ$ 9 subsection 7c77#c77;,a77i7 det]m9$ )\t reg>d to subclause 7,i7 !re(4 4 7g7 ,advance paym5t 7#a7 ,9 g5]al ,*apt] #gg ( su* ,code is am5d$ by add+ at ! end ! foll[+ new section3 #gebi4 ,advance paym5t ( e>n$ income cr$it2 e>n$ income sav+s acc\nts 7a7 ,9 g5]al ,n lat] t ! date t is #b ye>s aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y %all e/abli% a program = mak+ direct advance mon?ly paym5ts ( ! cr$it all[able "u section #cb to taxpay]s :o elect to receive su* paym5ts4 7b7 ,limitation ,! aggregate mon?ly paym5ts made "u subsection 7a7 ) respect to any taxpay] = any taxable ye> %all n exce$ #ge p]c5t ( ! e/imat$ am\nt ( ! cr$it all[able "u section #cb to su* taxpay] = su* taxable ye>4 7c7 ,election ,! election "u subsection 7a7 may be made or *ang$ = subsequ5t p]iods at any "t dur+ ! taxable ye>4 ,9 ! case ( an election made aft] ! beg9n+ ( a taxable ye>1 ! mon?ly advance paym5ts %all be made = mon?s beg9n+ aft] ! date t su* election becomes effective & ! total am\nt ( advance paym5ts 7subject to ! limitation ( subsection 7b77 %all be prorat$ among ! rema9+ mon?s4 7d7 ,me?od ( paym5t ,! program e/abli%$ "u subsection 7a7 %all include an option = taxpay]s to elect to receive paym5ts "u su* program by prepaid debit c>d4 7e7 ,reports to taxpay]s 7#a7 ,9 g5]al ,) respect to paym5ts made "u ?is section = any cal5d> ye>1 n lat] ?an ,janu>y #ca ( ! foll[+ cal5d> ye>1 ! ,secret>y %all issue a /atem5t to ea* individual ) respect to :om paym5ts 7 made "u ?is section sett+ =?-- 7,a7 ! "n1 address1 & ,,t9 ( su* p]son1 7,b7 ! aggregate am\nt ( paym5ts made "u ?is section ) respect to su* p]son = su* cal5d> ye>1 7,c7 a /atem5t t su* individual is requir$ to file a return ( tax ) respect to taxable ye>s :i* include any portion ( su* cal5d> ye> reg>dless ( :e!r su* individual has income tax liability ) respect to su* taxable ye>s1 & 7,d7 su* o!r in=mation z ! ,secret>y may provide4 7#b7 ,election to receive /atem5t ?r\gh on-l9e portal ,a taxpay] may elect to receive ! /atem5t describ$ 9 p>agraph 7#a7 ?r\gh ! on-l9e portal describ$ 9 subsection 7f74 7f7 ,recapture ( excess paym5ts ,if ! aggregate paym5ts made to any taxpay] "u subsection 7a7 ) respect to any taxable ye> exce$ ! cr$it all[$ "u section #cb 7det]m9$ )\t reg>d to subsection 7h7 !re(7 ) respect to su* taxpay] = su* taxable ye>1 ! tax impos$ by *apt] #a ) respect to su* taxpay] = su* taxable ye> %all be increas$ by su* excess4 7g7 ,re/riction on all[ance ( advance paym5t if excess paym5ts n repaid ,9 ! case ( a taxpay] :o fails to pay any tax liability :i* includes an increase det]m9$ "u subsection 7f7 be=e ! date on :i* paym5t ( su* tax is due1 no paym5t %all be made "u subsection 7a7 to su* taxpay] dur+ ! p]iod beg9n+ on su* date & end+ ) ! #b-ye> p]iod :i* beg9s on ! date t su* tax liability 7& any int]e/ or p5alties 9 connection ) su* liability7 has be5 paid 9 full4 4 7#b7 ,coord9ation ) cr$it ,section #cb ( su* ,code1 z am5d$ by subsection 7f71 is am5d$ by ins]t+ aft] subsection 7g7 ! foll[+ new subsection3 7h7 ,coord9ation ) advance paym5t ( cr$it ,) respect to any taxable ye>1 ! am\nt :i* w\ld 7b = ?is subsection7 be all[$ z a cr$it to ! taxpay] "u ?is section %all be r$uc$ 7b n bel[ z]o7 by ! aggregate paym5ts made "u section #gebi to su* taxpay] = su* taxable ye>4 4 7#c7 ,"o-on-"o consultations ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all ensure t 9 p]son1 telephonic1 & virtual "o-on-"o consultations betwe5 taxpay]s & ! ,int]nal ,rev5ue ,s]vice are available to assi/ taxpay]s at all times dur+ regul> bus9ess h\rs 7&1 9 ! case ( 9 p]son consultations1 at all taxpay] assi/ance c5t]s ( ! ,int]nal ,rev5ue ,s]vice7 9 det]m9+-- 7,a7 _! eligibility = ! advance paym5t program e/abli%$ "u section #gebi1 7,b7 ! am\nt ( ! mon?ly paym5t = :i* ! taxpay] is eligible "u su* program1 7,c7 ! circum/ances or *anges 9 circum/ances :i*1 bas$ on ! p>ticul> *>act]i/ics ( su* taxpay]1 are mo/ likely to result 9 excess paym5ts to su* taxpay] :i* w\ld be subject to recapture "u section #gebi7;f71 & 7,d7 su* o!r matt]s z su* ,secret>y or delegate det]m9es appropriate4 7#d7 ,on-l9e portal ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all e/abli% an on-l9e portal :i* all[s taxpay]s to-- 7,a7 elect to receive advance mon?ly paym5t "u section #gebi1 includ+ det]m9+ ! e/imat$ am\nt describ$ 9 subsection 7b7 ( su* section & det]m9+ ! am\nt ( su* mon?ly paym5ts1 7,b7 report *anges 9 circum/ances & modify ! am\nt ( future advance mon?ly paym5ts "u su* section1 & 7,c7 /op future advance mon?ly paym5ts "u su* section & pay back any advance mon?ly paym5ts4 7#e7 ,cl]ical am5dm5t ,! table ( sections = *apt] #gg ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #gebi4 ,advance paym5t ( e>n$ income cr$it2 e>n$ income sav+s acc\nts4 4 7h7 ,outrea* pilot program 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury 7or ! ,secret>y's designee7 %all e/abli% a program to educate taxpay]s reg>d+ ! availability ( ! e>n$ income tax cr$it & ! advance mon?ly paym5t ( su* cr$it4 ,pursuant to su* program-- 7,a7 ,,eitc educational lett]s ,! ,secret>y 7or designee7 %all provide a writt5 notice describ+ ! e>n$ income tax cr$it1 ! qualifications = receiv+ su* cr$it1 & ! program = ! advance paym5t ( su* cr$it to ea* taxpay] t ! ,secret>y 7or designee7 det]m9es is likely to qualify = su* cr$it4 7,b7 ,di/rict (fice work%ops ,ea* di/rict (fice ( ! ,int]nal ,rev5ue ,s]vice %all provide work%ops & sem9>s to assi/ & educate taxpay]s reg>d+ ! e>n$ income tax cr$it & ! program to provide advance mon?ly paym5ts ( su* cr$it4 7,c7 ,qu>t]ly rem9d]s ,! ,int]nal ,rev5ue ,s]vice %all provide writt5 rem9d]s ea* cal5d> qu>t] to taxpay]s p>ticipat+ 9 ! program to provide advance mon?ly paym5ts ( ! e>n$ income tax cr$it t ! am\nt ( su* paym5ts are det]m9$ on ! basis ( e/imates bas$ on in=mation previ\sly provid$ by ! taxpay]1 t ! taxpay] is responsible = repay+ any am\nts receiv$ :i* are 9 excess ( ! actual am\nt ( ! e>n$ income tax cr$it1 & t ! taxpay] %\ld review all ! facts & circum/ances t may affect ! am\nt ( ! e>n$ income tax cr$it ( ! taxpay] :i* ! taxpay] is receiv+ 9 advance4 7#b7 ,t]m9ation ,! program e/abli%$ "u p>agraph 7#a7 %all t]m9ate at ! close ( ! #aj-ye> p]iod beg9n+ on ! date t su* program is e/abli%$ by ! ,secret>y 7or designee74 7#c7 ,report on effectiv5ess ( program ,on ! date :i* is #e ye>s aft] ! e/abli%m5t ( ! program "u p>agraph 7#a71 ! ,secret>y %all submit to ,congress a report evaluat+ ! effectiv5ess ( ! program1 includ+ a detail$ exam9ation ( ! effectiv5ess ( ea* ( ! initiatives describ$ 9 subp>agraphs 7,a71 7,b71 & 7,c7 ( p>agraph 7#a74 7i7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjah4