H.R. 2800, titled the "Boost the Middle Class Act," proposes changes to the Internal Revenue Code of 1986 to increase the earned income tax credit. The bill aims to raise both the earned income and phaseout amounts, effectively allowing individuals and families to qualify for...
Simple Explanation
H.R. 2800 wants to give more money back to people who work by making their tax credits bigger. It also has some rules about when this change will start, which is after the end of 2025.