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Search Results: keywords:"elimination of dependent exemptions"

  • The bill H.R. 353 aims to amend the Internal Revenue Code of 1986 by enhancing the child tax credit and making it permanently refundable. It introduces a new tax credit for pregnant mothers and simplifies the earned income tax credit for taxpayers with children. Additionally, the bill...

    Simple Explanation

    H.R. 353 is like a new rulebook that helps families by giving them more money for each child they have, making sure moms with babies on the way also get some money, but it takes away some old rules like special money help for single parents and makes other changes to tax rules.