Working Parents Tax Relief Act of 2026

This bill would change federal tax law to raise the earned income tax credit for working parents with children under age 4. For a parent with one qualifying child under 4, the credit percentage would go up by 42.24 percentage points. For a parent with two or more qualifying children, the credit percentage would go up by 30.07 percentage points for each of the youngest three children under 4, and the rate at which the credit phases out would rise by 5 percentage points per such child. The Treasury would set up a program letting taxpayers choose to receive the added refund in equal monthly payments. The changes would apply to tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Kristen McDonald Rivet Democrat sponsor
• 0 cosponsors