Bill > HR9831

This bill, the Dependent Income Exclusion Act of 2024, seeks to amend the Internal Revenue Code to exclude certain dependent income when calculating modified adjusted gross income (MAGI) for the purposes of eligibility for premium tax credits under the Affordable Care Act. Specifically, the bill would exclude the wages or net earnings from self-employment of dependents who are under 18 years old or under 24 years old and participating in a qualified job-training or apprenticeship program, subject to a limitation of 15% of the taxpayer's MAGI. This change is intended to help make health insurance more affordable for families with qualifying dependents.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/9831/all-info