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To amend the Internal Revenue Code of 1986 to increase the amount of the child tax credit, to make such credit fully refundable, to remove income limitations from such credit, and for other purposes.
To amend the Internal Revenue Code of 1986 to increase the amount of the child tax credit, to make such credit fully refundable, to remove income limitations from such credit, and for other purposes.
Summary
This bill increases the child tax credit from $1,000 to $5,000 per child and removes the income limits that currently prevent higher-earning families from claiming the credit. The bill also makes the credit fully refundable, meaning taxpayers can receive the full credit amount as a refund even if they owe no income tax. The changes apply to tax years beginning after December 31, 2024, and remove various technical provisions related to Puerto Rico residency rules and other limitations that were previously in the tax code.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Ryan Mackenzie’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SUNDANCE VACATIONS $10,400
- COMMONWEALTH OF PA $9,900
- STARKEY HEARING TECHNOLOGIES $9,900
- WELLS FARGO ADVISORS $9,210
- LEHIGH VALLEY WATER SYSTEMS $7,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ryan Mackenzie → · Outside spending →
Actions (2)
- Feb 18, 2025 Referred to the House Committee on Ways and Means. · house
- Feb 18, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 18, 2025
Mr. Mackenzie introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase the amount of the child tax credit, to make such credit fully refundable, to remove income limitations from such credit, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. CHILD TAX CREDIT IMPROVEMENTS.
(a) Increase in Credit Amount.—Section 24(a) of the Internal Revenue Code of 1986 is amended by striking “$1,000” and inserting “$5,000”.
(b) Removal of Income Limitations.—Section 24 of such Code is amended by striking subsection (b).
(c) Removal of Deadwood.—
(1) Section 24 of such Code is amended by striking subsections (i) and (j).
(2) Section 24(k)(2) of such Code is amended—
(A) by striking subparagraph (A), and
(B) by striking “(B) Application to taxable years after 2021.”.
(3) Section 24(k)(3)(A) of such Code is amended by striking “and without regard to the application of this section to bona fide residents of Puerto Rico under subsection (i)(1)”.
(4) Section 24(k)(3)(C)(ii) of such Code is amended to read as follows:
“(ii) Application of section in event of absence of approved plan.—In the case of a taxable year with respect to which a plan is not approved under subparagraph (B), rules similar to the rules of paragraph (2) shall apply with respect to bona fide residents of American Samoa (within the meaning of section 937(a)).”.
(5) Chapter 77 of such Code is amended by striking section 7527A (and by striking the item relating to such section in the table of sections for such chapter).
(d) Conforming Amendments.—Section 24(h) of such Code is amended by striking paragraphs (2) and (3).
(e) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2024. <all>
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