Search Results for keywords:"tax credit eligibility"

Search Results: keywords:"tax credit eligibility"

S. 46 — To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
January 09, 2025
Status:Introduced in Senate
Congress:119
Words:616
The bill titled "Health Care Affordability Act of 2025" aims to expand the eligibility criteria for the refundable tax credit associated with health insurance coverage under a qualified health plan. It proposes amendments to the Internal Revenue Code of 1986 by removing the...
Simple Explanation
The Health Care Affordability Act of 2025 wants to help more people afford health insurance by changing how much of a tax credit they can get, especially for those who earn more money but still need help paying for their health plan. It plans to create a new way to figure out who gets how much help, but it doesn't explain exactly how they came up with these new rules, which might make it a bit confusing for people trying to understand how it will work.
H. R. 9361 — To amend the Internal Revenue Code of 1986 to repeal the upper age limit on eligibility for the earned income tax credit.
August 16, 2024
Status:Introduced in House
Congress:118
Words:222
H.R. 9361 is a proposed law aimed at changing the existing laws around the earned income tax credit (EITC) in the United States. Specifically, it seeks to remove the age cap, currently set at 65, which limits who can qualify for the EITC based on age. This means that...
Simple Explanation
H.R. 9361 is a plan to let people older than 65 qualify for a special money help called the earned income tax credit (EITC), starting from 2025. This means more older people could get extra money if they work and earn less.
H. R. 9065 — To amend the Internal Revenue Code of 1986 to include room air conditioners as qualified energy property for purposes of the energy efficient home improvement credit.
July 18, 2024
Status:Introduced in House
Congress:118
Words:216
H. R. 9065 proposes an amendment to the Internal Revenue Code of 1986 to classify room air conditioners that meet the Energy Star Most Efficient criteria as qualified energy property. This inclusion would make them eligible for the energy efficient home improvement credit....
Simple Explanation
H. R. 9065 is a plan to give people a special money bonus, called a credit, if they buy room air conditioners that are really good at saving energy. This is like getting a gold star for using less electricity with a new air conditioner!
H. R. 7458 — To amend the Internal Revenue Code of 1986 to establish the Made in the U.S.A. tax credit.
💰
February 26, 2024
Status:Introduced in House
Congress:118
Words:1,286
H.R. 7458 aims to amend the Internal Revenue Code to create the "Made in the U.S.A. tax credit" which offers a tax credit to eligible taxpayers for purchasing American-made products. Eligible individuals can receive a credit up to 30% of their qualified expenditures, with limits of $2,500 for...
Simple Explanation
The Made in the U.S.A. tax credit is a new rule that lets people get some money back on their taxes when they buy things made in America, but not if they buy cars, fancy items, or things like alcohol or guns. It's easier to use if you buy products that save energy, but people with a lot of money can't get this credit.
H. R. 7017 — To amend the Internal Revenue Code of 1986 to take certain Medicare premiums of household members into account in determining the health care insurance premiums tax credit.
January 17, 2024
Status:Introduced in House
Congress:118
Words:430
H.R. 7017 aims to amend the Internal Revenue Code to consider certain Medicare premiums paid by household members when calculating the health care insurance premiums tax credit. Specifically, it allows taxpayers to reduce their coverage month premiums by the amount of...
Simple Explanation
H.R. 7017 is like a special rule that lets people count the costs of certain health payments, like Medicare, from their family when figuring out a money-back bonus for health insurance. Starting after 2024, these costs can help lower the amount of their health insurance payments.
H. R. 9738 — To increase the penalties applicable to persons facilitate fraud with respect to any COVID-related employee retention credit, and for other purposes.
💰
September 20, 2024
Status:Introduced in House
Congress:118
Words:2,645
H.R. 9738 is a bill introduced to increase penalties for those who facilitate fraud involving COVID-related employee retention tax credits. The bill outlines higher penalties for promoters who aid in understating tax liabilities related to these credits and mandates due...
Simple Explanation
H.R. 9738 is a bill that wants to make the rules tougher for people who try to cheat with a special kind of tax credit that businesses got during COVID. It says if someone helps others cheat on these taxes, they can get in big trouble with really big fines to make them stop.
H. R. 10013 — To amend the Internal Revenue Code of 1986 to exclude individuals who have committed certain crimes from being eligible students for purposes of the American opportunity credit, the lifetime learning credit, and the deduction on interest paid on qualified education loans.
October 18, 2024
Status:Introduced in House
Congress:118
Words:436
The bill H.R. 10013, titled the “Education Not Agitation Act of 2024,” proposes changes to the Internal Revenue Code of 1986. It aims to disqualify students who have committed certain crimes, like unlawful assembly or vandalism during protests on college campuses, from being...
Simple Explanation
The bill wants to change the rules so that if a student gets in trouble for doing bad things during a protest, like breaking stuff or being in a place they shouldn't, they might not get some special money help for school or paying for school loans.

Showing 1 to 7 of 7 results