Supporting Newborn Parents Act of 2026

This bill would create a federal tax credit of $2,000 for each child born to a taxpayer during the tax year, starting with tax years beginning after December 31, 2025. The credit would shrink by $50 for every $1,000 of income above a set threshold, and could not exceed 20 percent of the taxpayer's earned income for each child. Parents could choose to receive the credit as an advance payment from the Treasury within 6 weeks after it receives information collected when they apply for the baby's Social Security number. Advance payments larger than the final credit would be added back to the parent's tax bill. The amount would be adjusted for inflation after 2026, and the Treasury would provide plain-language guidance and an online portal for making elections.

Full text and official record on Congress.gov

Sponsors

• David G. Valadao Republican sponsor
• 25 cosponsors