Bill · H.R. 8305· House(119-HR-8305)
Working Parents Tax Relief Act of 2026
- Introduced
- 4/15/2026
- Last activity
- 4/15/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Kristen McDonald Rivet
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Working Parents Tax Relief Act of 2026," aims to amend the Internal Revenue Code of 1986. It specifically seeks to increase the amount of the earned income tax credit for parents of young children. For individuals with one child under age 4, the credit percentage increases by 42.24 percentage points. For those with two or more children, the credit increases by 30.07 percentage points for each of the youngest three qualifying children under age 4. The bill also adjusts the phaseout percentage for these individuals. Finally, it allows taxpayers to elect to receive these refund amounts in equal monthly increments.
Yes· 3 of 13
Would households on low incomes be better off under this?+8
The earned income tax credit is specifically structured to benefit low-income working individuals and households.
Would children be better off under this?+7
Young children benefit indirectly from the increased financial resources provided to their working parents.
Is this likely to lift people out of poverty?+7
Expanding the earned income tax credit is a proven mechanism for lifting low-income working families out of poverty.
The opposite
Does this reduce what the federal government owes?-2
Expanding the earned income tax credit increases government expenditures and reduces federal revenue.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Tax Credits for Families: The bill increases the credit percentage for individuals with one qualifying child under age 4 by 42.24 percentage points (Section 2(a)(1)(A)(i)).
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Benefits for Larger Families: For those with two or more qualifying children, the credit percentage increases by 30.07 percentage points for each of the youngest three qualifying children who have not reached age 4 (Section 2(a)(1)(A)(ii)).
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Modified Phaseout Structure: The phaseout percentage is increased by 5 percentage points for each of the youngest 3 qualifying children who have not attained age 4 (Section 2(a)(1)(B)).
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Flexible Payment Options: The Secretary must establish a program that allows taxpayers to choose to receive their refund payments in equal monthly increments throughout the remaining months of the taxable year (Section 2(a)(1)(C)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+8Good For Children+7Good For Young Adults+6Good For Middle Class Households+5Good For Women+5Good For Middle Aged+3
- Social Issues And Justice
- Improves Poverty Reduction+7Improves Childcare Affordability+6Improves Gender Equality+3Reduces Homelessness+2
- Economy And Finance
- Reduces Middle Class Taxes+7Improves Economic Growth+4Reduces National Debt-2
- Governance And Ideology
- Increases Federal Power+1
- 4/15/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House