HR 4959
115th Congress
House
Taxation
Income tax credits
Income tax deductions
Tax treatment of families
Working Families Relief Act of 2018
Introduced: February 7, 2018
Introduced by:
Budd, Ted
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2018
Referred to the House Committee on Ways and Means.
Feb 7, 2018
Introduced in House
Plain-English summary
Working Families Relief Act of 2018
This bill amends the Internal Revenue Code to limit the temporary (for tax years 2018 through 2025) refundable portion of the child tax credit, with respect to any qualifying child, to the greater of: (1) $1,400, or (2) the excess of the taxpayer's Social Security taxes for the year over the credit allowed under the earned income tax credit. (Under current law, the maximum is $1,400, adjusted for inflation after 2018).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1