H.R. 6873

Referred to Committee

EITC Modernization Act of 2018

Introduced 9/25/2018•115th Congress•House

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Referred to the House Committee on Ways and Means.

9/25/2018 • House

Summary

EITC Modernization Act of 2018

This bill modifies the Earned Income Tax Credit (EITC) to: (1) make certain individuals who are college students or have an aged or disabled dependent eligible for the credit, (2) specify minimum credit amounts for the qualifying students and individuals with an aged or disabled dependent, (3) allow certain EITC recipients to elect to receive the credit payments monthly, and (4) decrease from 25 to 18 the minimum age of eligibility for individuals without dependents.

The bill also requires the Internal Revenue Service to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of underserved populations.

Introduced in House • 9/25/2018

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Topics & Subjects

Policy Area: Taxation

Government trust fundsHigher educationIncome tax creditsPoverty and welfare assistanceSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax treatment of familiesTax-exempt organizations