Working Families Tax Relief Act of 2023
- Last Action
- 6/14/2023
Actions
- 2023-06-14Read twice and referred to the Committee on Finance.
- 2023-06-14Introduced in Senate
CRS Summary
As of 2023-06-14 (00)
Working Families Tax Relief Act of 2023
This bill expands the earned income tax credit and makes the child tax credit fully refundable.
The bill increases and makes permanent the earned income tax credit for taxpayers with no qualifying children and expands age limits for credit eligibility (currently, taxpayers must be at least 25 years of age and not older than 65). It lowers the age baseline of 25 years to 19 years and eliminates the 65 age limit).
The bill increases the child tax credit amount and provides for monthly advance payments of such credit.
Cosponsors (20)
- Michael Bennet (D-CO)
- Cory Booker (D-NJ)
- Raphael Warnock (D-GA)
- Richard Durbin (D-IL)
- Ron Wyden (D-OR)
- Tammy Baldwin (D-WI)
- Richard Blumenthal (D-CT)
- Maria Cantwell (D-WA)
- Ben Cardin (D-MD)
- Bob Casey (D-PA)
- Christopher Coons (D-DE)
- Catherine Cortez Masto (D-NV)
- Tammy Duckworth (D-IL)
- Dianne Feinstein (D-CA)
- John Fetterman (D-PA)
- Kirsten Gillibrand (D-NY)
- Maggie Hassan (D-NH)
- Martin Heinrich (D-NM)
- Mazie Hirono (D-HI)
- Timothy Kaine (D-VA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.