Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-8305119th CongressWALLET
Working Parents Tax Relief Act of 2026
Sponsored By: Representative McDonald Rivet, Kristen [D-MI-8]
Introduced
Summary
Boosts the Earned Income Tax Credit for parents of children under age 4. It would raise the credit percentage and widen the phaseout for young-child households, and let eligible taxpayers get the extra refund in monthly installments.
Show full summary
- Parents with one qualifying child under age 4 would see the credit percentage increase by 42.24 percentage points, which raises the refundable credit available to those households.
- Households with two or more qualifying children under 4 would get a 30.07 percentage point increase for each of the youngest three children. The bill also raises the EITC phaseout rate by 5 percentage points for each of those young children.
- The Treasury Secretary would have to create a program letting taxpayers elect to receive the portion of the refund from these changes in equal monthly payments across the remaining months of the taxable year. The changes would apply to taxable years beginning after December 31, 2025.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Bigger EITC for parents but faster phaseout
This bill would raise the Earned Income Tax Credit for parents with very young children. For a filer with exactly one qualifying child under age 4, the credit percentage would increase by 42.24 percentage points. For filers with two or more qualifying children, the credit percentage would increase by 30.07 percentage points for each of the taxpayer's youngest three children under age 4. The bill would also raise the EITC phaseout rate by 5 percentage points for each of those youngest three children, so the credit would shrink faster as your income rises. You could elect to get the refund portion caused by these increases in equal monthly payments for the remaining months of the taxable year. These changes would apply for tax years beginning after December 31, 2025.
Sponsors & CoSponsors
Sponsor
McDonald Rivet, Kristen [D-MI-8]
MI • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov