US SB3596

Lowers the earned income threshold for the refundable portion of the child tax credit from $3,000 to $1, allowing families to begin receiving the refundable credit with their first dollar of earned income

Amends Section 24(d)(1)(B)(i) of the Internal Revenue Code of 1986 to implement the threshold change

Strikes paragraph (6) from Section 24(h) as a conforming amendment to align related tax code provisions

Takes effect for taxable years beginning after December 31, 2025

Introduced January 8, 2026 by Senator Hassan (D-NH) and Senator Young (R-IN) as a bipartisan measure; referred to the Senate Committee on Finance