Bill > HR1436

This bill, the EITC Modernization Act of 2019, aims to extend the earned income tax credit (EITC) to all taxpayers with dependents and to qualifying students. It also establishes a matching grant program to provide tax return preparation assistance for low-income taxpayers. Specifically, the bill expands the EITC to include taxpayers with qualifying dependents, such as qualifying children, aged dependents, and other qualifying individuals. It also includes qualifying students who are eligible for a federal Pell Grant or have a modified adjusted gross income below 250% of the poverty line. The bill further includes a minimum credit amount for students and individuals with certain qualifying dependents, and allows for monthly EITC payments. Additionally, the bill creates a Community Volunteer Income Tax Assistance Matching Grant Program to provide funding for the development, expansion, or continuation of qualified return preparation programs assisting low-income taxpayers and underserved populations.

Budget and Finance

https://www.congress.gov/bill/116th-congress/house-bill/1436/all-info