HR 6762 · 116th Congress · Taxation
COVID-19 Earned Income Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2020-05-08)
Plain Language Summary
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COVID-19 Earned Income Act This bill sets forth a special rule for determining the amount of the earned income tax credit and the refundable portion of the child tax credit. Specifically, the bill allows a taxpayer to use the earned income of the preceding taxable year in computing such credits if such income is greater than the income for the current taxable year (i..e., 2020).…
Summarized by Claude AI · Non-partisan · For informational purposes only