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H.R.4959 - Working Families Relief Act of 2018115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Budd, Ted [R-NC-13] (Introduced 02/07/2018)
Committees: House - Ways and Means
Latest Action: House - 02/07/2018 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
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Summary: H.R.4959 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4959. Bill summaries are authored by CRS.

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Introduced in House (02/07/2018)

Working Families Relief Act of 2018

This bill amends the Internal Revenue Code to limit the temporary (for tax years 2018 through 2025) refundable portion of the child tax credit, with respect to any qualifying child, to the greater of: (1) $1,400, or (2) the excess of the taxpayer's Social Security taxes for the year over the credit allowed under the earned income tax credit. (Under current law, the maximum is $1,400, adjusted for inflation after 2018).