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US SB1382
Bill
AI Summary
- Increases the child tax credit to $4,200 per child under age 6 and $3,000 per child ages 6-16, with a maximum of 6 qualifying children per taxpayer, effective for tax years after 2025
- Creates a new $2,800 refundable tax credit for pregnant mothers carrying an unborn child at 20 weeks gestation or greater, requiring physician certification of gestational age
- Simplifies the Earned Income Tax Credit by consolidating brackets for families with 1 or more children into a single 25% credit percentage with maximum credits of $4,300 (single filers) or $5,000 (joint filers)
- Eliminates the head of household filing status and the additional personal exemption for dependents for tax years beginning after December 31, 2025
- Eliminates the state and local tax (SALT) deduction for individuals, except for foreign taxes and taxes paid in carrying on a trade or business
Legislative Description
Family First Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
4/9/2025
Committee Referrals
Finance4/9/2025
Full Bill Text
No bill text available