Search Results for keywords:"child tax credit"

Search Results: keywords:"child tax credit"

H. R. 7024 — To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
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January 17, 2024
Status:Introduced in House
Congress:118
Words:16,523
H. R. 7024, titled the “Tax Relief for American Families and Workers Act of 2024,” introduces various tax reforms. It aims to improve the child tax credit, offer tax incentives to boost economic growth, and adjust taxation rules for certain Taiwanese residents with U.S. income. The bill also...
Simple Explanation
The "Tax Relief for American Families and Workers Act of 2024" is like a big helpful blanket that tries to make taxes easier and nicer by giving more money to families with kids, helping people and businesses during disasters, and making rules for how people from Taiwan pay taxes in America. But some parts might be a bit tricky and not equally fair for everyone.
H. R. 7024 — An Act To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
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January 31, 2024
Status:Engrossed in House
Congress:118
Words:16,781
The Tax Relief for American Families and Workers Act of 2024 focuses on enhancing the child tax credit, providing tax incentives for economic growth, and enabling special tax rules for certain Taiwanese residents with U.S. income. It also includes provisions for tax relief in...
Simple Explanation
The Tax Relief for American Families and Workers Act of 2024 is like a new set of rules to help more families get extra money when they have kids, make it easier for businesses to grow, and help people in Taiwan who earn money in America. It also makes sure people and businesses can't use tricks to avoid paying their fair share of taxes.
H. R. 7024 — To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
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January 23, 2024
Status:Reported in House
Congress:118
Words:17,070
H.R. 7024, titled the "Tax Relief for American Families and Workers Act of 2024," aims to make several changes to the United States tax code. It proposes improvements to the child tax credit and provides incentives for economic growth through tax credits for research, innovation, and...
Simple Explanation
This bill wants to change some tax rules to help families with kids and to encourage businesses to spend money in good ways, like being kind to the earth. It also talks about special tax rules for people from Taiwan working in the U.S., and it makes some rules about how people can get help after big disasters.
S. 3798 — To amend the Internal Revenue Code of 1986 to require taxpayers claiming the child and earned income tax credits, and their qualifying children, to have a valid social security number for employment purposes.
February 12, 2024
Status:Introduced in Senate
Congress:118
Words:736
S. 3798 aims to change the rules in the Internal Revenue Code of 1986 so that individuals claiming the child tax credit or earned income tax credit must have a valid social security number for themselves and their children. This change would ensure that only taxpayers...
Simple Explanation
The bill wants to make sure that people claiming the child tax credit or earned income tax credit have a real social security number to show they are allowed to work in the U.S., starting from 2024. This means only those with the right paperwork can get these special tax benefits.
S. 5256 — To amend the Internal Revenue Code of 1986 to enhance the child tax credit, and for other purposes.
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September 25, 2024
Status:Introduced in Senate
Congress:118
Words:9,161
S. 5256, titled the "Family Security Act," aims to modify the Internal Revenue Code to make the child tax credit more beneficial by increasing the credit amounts and making them fully refundable, starting in 2026. The bill also introduces a credit for pregnant mothers, starting at a...
Simple Explanation
The "Family Security Act" is a plan to give more money back to families with kids and moms-to-be, but it takes away some money-saving options for people who file taxes in certain ways.
H. R. 7813 — To amend the Internal Revenue Code of 1986 to require an individual to provide a social security number to claim the child tax credit.
March 22, 2024
Status:Introduced in House
Congress:118
Words:535
H. R. 7813, known as the "Child Tax Credit Integrity Act," proposes changes to the Internal Revenue Code of 1986. This bill would require individuals to provide their social security numbers, as well as those of their children, when claiming the child tax credit on their tax returns. There is...
Simple Explanation
H. R. 7813 is a bill that says people need to give their social security numbers, and their kids' too, when they want to get money back for taking care of their kids. There's a special rule for soldiers so they can use either partner's number if they're married.
H. R. 7870 — To amend the Internal Revenue Code of 1986 to provide that certain tips shall not be subject to income or employment taxes for a period of 5 years.
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April 05, 2024
Status:Introduced in House
Congress:118
Words:724
H. R. 7870, known as the “Tip Tax Termination Act,” proposes changes to the Internal Revenue Code of 1986. This bill aims to exempt certain tips, up to $20,000 annually, from being subject to income and employment taxes for five years starting after December 31, 2023. It...
Simple Explanation
The "Tip Tax Termination Act" is a new rule that says people who get tips at their jobs, like waiters or hairdressers, don’t have to pay taxes on tips up to $20,000 each year for five years. This means they get to keep more of the money their customers give them when they do a good job!
H. RES. 1295 — Expressing support for the designation of Sunday, June 16, 2024, as Father’s Day.
June 12, 2024
Status:Introduced in House
Congress:118
Words:414
H. RES. 1295 expresses support for the designation of June 16, 2024, as "Father’s Day" in the United States. The resolution highlights the important role fathers play in families, communities, and society at large. It advocates for policies like universal paid family and...
Simple Explanation
In this resolution, the government wants to celebrate Father's Day and let everyone know how important dads are. They also suggest ideas like giving parents time off to care for their kids and making sure every kid has a good place to go while their parents work.
H. R. 7024 — An Act To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes.
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March 21, 2024
Status:Placed on Calendar Senate
Congress:118
Words:16,921
H.R. 7024 is a proposed law aimed at making several improvements in the U.S. tax system. It introduces enhancements to the child tax credit, provides tax incentives to foster economic growth, and includes special tax rules for people from Taiwan earning money in the U.S....
Simple Explanation
The bill is like a big plan to help families with kids have more money, make businesses grow faster, and assist people after bad events, like big fires, by adjusting how they pay taxes and handle money in different ways. It also includes special rules for people from Taiwan working in the U.S. and wants to make sure people follow tax rules without cheating.
H. R. 9354 — To amend the Internal Revenue Code of 1986 to make certain temporary provisions relating to the child tax credit permanent, to make such credit fully refundable, and to increase the corporate tax rate.
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August 13, 2024
Status:Introduced in House
Congress:118
Words:431
H.R. 9354 aims to amend the Internal Revenue Code of 1986 by making certain temporary provisions of the child tax credit permanent and ensuring the credit is fully refundable. It proposes to increase the child tax credit amount from $1,000 to $2,000 and remove specific...
Simple Explanation
H.R. 9354 is a plan that wants to give more money back to families with kids, while also asking big companies to pay more taxes to help pay for it.
H. R. 7991 — To amend the Internal Revenue Code of 1986 to modify the social security number requirements for claiming the child tax credit and earned income tax credit.
April 15, 2024
Status:Introduced in House
Congress:118
Words:768
H.R. 7991, the “Safeguarding American Workers’ Benefits Act,” aims to change the rules for claiming the child tax credit and earned income tax credit. It requires taxpayers to include valid Social Security numbers for themselves and their qualifying children when filing for...
Simple Explanation
H.R. 7991 makes sure that only people with certain valid Social Security numbers can get special money from the government for having kids or working, and these rules start after December 2024.

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