S 1992
118th Congress
Senate
Taxation
Working Families Tax Relief Act of 2023
Introduced: June 14, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 2023
Read twice and referred to the Committee on Finance.
Jun 14, 2023
Introduced in Senate
Plain-English summary
Working Families Tax Relief Act of 2023
This bill expands the earned income tax credit and makes the child tax credit fully refundable.
The bill increases and makes permanent the earned income tax credit for taxpayers with no qualifying children and expands age limits for credit eligibility (currently, taxpayers must be at least 25 years of age and not older than 65). It lowers the age baseline of 25 years to 19 years and eliminates the 65 age limit).
The bill increases the child tax credit amount and provides for monthly advance payments of such credit.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1