Expands eligibility for the working families' tax credit to everyone age 18 and older.

The bill amends the working families' tax credit to include individuals age 18 and older, expanding eligibility beyond previous requirements. The credit, which is refundable and calculated based on income and family size, aims to provide tax relief to low-income and middle-income working families. The refund amounts vary based on the number of qualifying children, with adjustments for inflation starting in 2024. The Department of Revenue administers the credit, verifies eligibility, and may assess penalties for fraudulent claims.

Expands eligibility for the working families' tax credit to everyone age 18 and older.

The bill amends the working families' tax credit to include individuals age 18 and older, expanding eligibility beyond previous requirements. The credit, which is refundable and calculated based on income and family size, aims to provide tax relief to low-income and middle-income working families. The refund amounts vary based on the number of qualifying children, with adjustments for inflation starting in 2024. The Department of Revenue administers the credit, verifies eligibility, and may assess penalties for fraudulent claims.