Search Results: keywords:"elimination of head of household"

  • S. 1382 — To amend the Internal Revenue Code of 1986 to enhance the child tax credit, and for other purposes.
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    Status:Introduced in Senate
    Words:7,383

    The bill, titled the "Family First Act," aims to amend the Internal Revenue Code of 1986 by making the child tax credit permanently more generous, providing different amounts based on the age of the child, and linking the credit to income levels. It introduces a tax credit...

    Simple Explanation

    The "Family First Act" is a plan to give more money back to families with kids by changing the way taxes work, making it easier for some families to get extra money, especially if they have young children or if a mom is expecting a baby. However, it might also stop certain people from saving money in other ways that used to be possible, which could be confusing or make some families pay more.

  • H. R. 353 — To amend the Internal Revenue Code of 1986 to enhance the child tax credit, and for other purposes.
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    Status:Introduced in House
    Words:7,214

    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.