HB5269

West Virginia HB5269 creates tax credits for student loans and child care for college graduates aged 18 to 40.

West Virginia HB5269 establishes "The Young Professional Tax Credits" for college graduates aged 18 to 40. The bill provides a tax credit for student loan interest and a refundable child care credit. The tax credit for student loans applies until the student loan is repaid or the taxpayer turns 40. Additionally, a refundable child care credit is available for taxpayers with dependent children. To be eligible, taxpayers must be residents for at least three years.