Expands and improves the earned income tax credit under the Internal Revenue Code.
The Worker Relief and Credit Reform Act of 2025 amends the Internal Revenue Code to expand and improve the earned income tax credit. It modifies the credit to include qualifying students and individuals with qualifying dependents. The bill also establishes a program for advance monthly payments of the credit, with options for taxpayers to receive payments via prepaid debit cards. It includes provisions for inflation adjustments, phaseout percentages, and recapture of excess payments.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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