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To amend the Internal Revenue Code of 1986 to ensure that the temporary refundable portion of the child tax credit is not less than the payroll taxes paid by the taxpayer.

USA115th CongressHR-4959| House 
| Updated: 2/7/2018
Ted Budd

Ted Budd

Republican Representative

North Carolina

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Working Families Relief Act of 2018 This bill amends the Internal Revenue Code to limit the temporary (for tax years 2018 through 2025) refundable portion of the child tax credit, with respect to any qualifying child, to the greater of: (1) $1,400, or (2) the excess of the taxpayer's Social Security taxes for the year over the credit allowed under the earned income tax credit. (Under current law, the maximum is $1,400, adjusted for inflation after 2018).
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Timeline
Feb 7, 2018
Introduced in House
Feb 7, 2018
Referred to the House Committee on Ways and Means.
  • February 7, 2018
    Introduced in House


  • February 7, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Income tax creditsIncome tax deductionsTax treatment of families

To amend the Internal Revenue Code of 1986 to ensure that the temporary refundable portion of the child tax credit is not less than the payroll taxes paid by the taxpayer.

USA115th CongressHR-4959| House 
| Updated: 2/7/2018
Working Families Relief Act of 2018 This bill amends the Internal Revenue Code to limit the temporary (for tax years 2018 through 2025) refundable portion of the child tax credit, with respect to any qualifying child, to the greater of: (1) $1,400, or (2) the excess of the taxpayer's Social Security taxes for the year over the credit allowed under the earned income tax credit. (Under current law, the maximum is $1,400, adjusted for inflation after 2018).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 7, 2018
Introduced in House
Feb 7, 2018
Referred to the House Committee on Ways and Means.
  • February 7, 2018
    Introduced in House


  • February 7, 2018
    Referred to the House Committee on Ways and Means.
Ted Budd

Ted Budd

Republican Representative

North Carolina

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax creditsIncome tax deductionsTax treatment of families