The bill H.R. 9831, known as the “Dependent Income Exclusion Act of 2024,” aims to amend the Internal Revenue Code to adjust how dependent income is considered when calculating eligibility for premium tax credits. Specifically, it proposes excluding certain wages or...
Simple Explanation
The bill wants to change the rules so some money that kids and young people earn doesn't count when their family is checking if they can get a special kind of help to pay for health insurance. This means if young people earn money, it might not stop their family from getting help to pay for health insurance.