H.R. 905, known as the “EITC Modernization Act,” proposes changes to the Internal Revenue Code to widen the earned income tax credit to include all taxpayers with dependents, qualifying students, and reduce the minimum age for eligible individuals without dependents to 18. It introduces a...
Simple Explanation
H.R. 905 wants to give a special money bonus to students and families who need help, by making it easier for them to get a tax credit. It also plans to send this bonus in small amounts every month and give extra help for people to do their taxes correctly.