# 119-hr-9031: Young Adult Tax Credit Act

119-hr-9031, Young Adult Tax Credit Act, is a 119th Congress bill sponsored by Rep. McGarvey, Morgan [D-KY-3] (D-KY); status introduced; PRIA reads it as touching household money (as of 2026-06-07).

- Canonical: https://policyrisk.com/legislation/119-hr-9031
- As of: 2026-06-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9031
- Congress: 119
- Title: Young Adult Tax Credit Act
- Status: introduced
- Introduced: 2026-05-26
- Sponsor: Rep. McGarvey, Morgan [D-KY-3] (D-KY)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-07

## Summary

**A monthly refundable $500 young adult tax credit** that would deliver advance payments to eligible U.S. residents ages 18 up to 25. The bill would send monthly advance payments with a year‑end tax reconciliation and index the $500 baseline for inflation after 2027. - Young adults and families: Qualifying individuals ages 18 through 24 who are U.S. citizens, nationals, or residents could receive $500 per month; a person claimed as a dependent by another taxpayer does not qualify for the credit. - Tax administration and integrity: Payments would be made monthly in advance and reconciled on the tax return. The plan requires online enrollment, identity verification, annual notices by January 31, and allows recapture of excess payments for fraud or improper payments. - Territories and outreach: The bill sets special rules for Puerto Rico, mirror‑code possessions, and American Samoa and requires the Treasury to run outreach targeted to people less likely to file or to have bank accounts.

## Cosponsors (5)

- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-05-26T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2026-05-26T00:00:00.000Z
- Rep. Garcia, Robert [D-CA-42] (D-CA), 2026-05-26T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-05-26T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-05-26T00:00:00.000Z

## Provisions PRIA read

- Monthly advance payments program: benefit, high. This bill would require the IRS to send monthly advance payments equal to its estimate of the monthly young adult allowance. The IRS would run an online portal to start or stop payments, accept elections for a single annual lump sum instead, and allow multi‑language and mobile access. Payments woul…
- Monthly young adult tax credit: benefit, high. This bill would create a refundable monthly tax credit of $500 per eligible young adult (ages 18–24) for each month of eligibility. The $500 baseline would be indexed for inflation for months beginning after December 31, 2027. The credit would apply for taxable years beginning after December 31, 20…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-3069: Medicare for All Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hres-1058: Recognizing that it is the duty of the Federal Government to develop and implement a Transgender Bill of Rights to protect and codify the rights of transgender…

## Sources
- [119-hr-9031 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9031)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hres-1058: Recognizing that it is the duty of the Federal Government to develop and implem…](https://policyrisk.com/legislation/119-hres-1058)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9031 (as of 2026-06-07).