Search Results: keywords:"refundable credit"

  • H. R. 9479 — To amend the Internal Revenue Code of 1986 to establish a refundable credit for expenses incurred for in vitro fertilization.
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    Status:Introduced in House
    Words:550

    H. R. 9479 seeks to amend the Internal Revenue Code of 1986 to create a new refundable tax credit for individuals who incur expenses related to in vitro fertilization. The credit would allow individuals to receive a tax break for qualified medical expenses, up to $30,000, not...

    Simple Explanation

    H. R. 9479 is a plan to give money back as a tax credit to people in the USA who spend on special baby-making treatments called in vitro fertilization (IVF). If it becomes law, people could get up to $30,000 refunded for these expenses, making it easier to afford having a baby this way.

  • H. R. 6861 — To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for wildfire mitigation expenditures.
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    Status:Introduced in House
    Words:1,364

    The H. R. 6861 bill proposes a change to the Internal Revenue Code of 1986 to offer a refundable tax credit for costs linked to protecting homes from wildfires. This credit is 25% of qualifying expenses, with a limit of $25,000 per year, but it reduces for people earning over...

    Simple Explanation

    The H. R. 6861 bill wants to help people make their homes safer from wildfires by giving them money back as a tax credit for doing things like putting special coverings on roofs and walls or clearing away bushes. But not everyone can get the same amount, and there are some rules that might make it tricky for some people to get the full help they need.

  • H. R. 9774 — To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
    Status:Introduced in House
    Words:572

    The Health Care Affordability Act of 2024 aims to amend the Internal Revenue Code to broaden the eligibility for a refundable credit for health insurance coverage. Specifically, it removes the upper limit on household income for eligibility and adjusts the applicable...

    Simple Explanation

    The Health Care Affordability Act of 2024 wants to make it easier for more people to get money back when they pay for health insurance by removing the rule that only people who earn a certain amount can get help, starting in 2026. This means people with higher incomes could also get some money back to help pay for their health insurance.