Bill > HR353

This bill, called the "Family First Act," makes several significant changes to the U.S. tax code, primarily focusing on enhancing the child tax credit and introducing a new tax credit for pregnant mothers. The bill permanently expands the child tax credit to provide $4,200 for children under 6 and $3,000 for children ages 6-17, with the credit being fully refundable and adjusted for inflation after 2026. The bill also introduces a new $2,800 tax credit for pregnant mothers with an unborn child of 20 weeks or greater gestation, which can be claimed before the child's birth. Additionally, the legislation simplifies the earned income tax credit, eliminates the additional exemption for dependents and head of household filing status, and modifies the credit for household and dependent care expenses. These changes are set to take effect for taxable years beginning after December 31, 2025, and aim to provide more financial support to families with children and pregnant women while simplifying certain aspects of the tax code.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/353/all-info