US SB1372

Lowers the minimum age for childless workers to claim the Earned Income Tax Credit (EITC) from 25 to 19 (age 24 for students, age 18 for former foster youth and homeless youth), and eliminates the maximum age cap of 65

Doubles the credit and phaseout percentages for childless workers from 7.65% to 15.3%, and more than doubles the earned income threshold from $4,220 to $9,820 and phaseout amount from $5,280 to $11,610

Makes permanent the EITC provisions for U.S. territories including Puerto Rico, possessions with mirror code tax systems, and American Samoa (previously set to expire after 2025)

Allows taxpayers to elect to use their prior year's earned income when calculating the EITC if their current year income is lower

Applies to taxable years beginning after December 31, 2025