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United States · Bill · HR

H.R. 7547 (118th)

Young Adult Tax Credit Act

referredUnited States· United States Congress· EN

Introduced

5 March 2024

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

12 June 2024

Summary

Young Adult Tax Credit Act  This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States. The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.

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Documents

3 official files

Introduced in House (text)

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