summary
Introduced
04/09/2025
04/09/2025
In Committee
04/09/2025
04/09/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to establish a refundable child tax credit with monthly advance payment.
AI Summary
This bill establishes a new monthly child tax credit with monthly advance payments. The bill provides a refundable tax credit of $300 per month for children ages 6-17 and $360 per month for children under 6, with partial payments phased out for higher-income taxpayers. Specifically, the credit begins to reduce for individuals with modified adjusted gross incomes over $112,500 (single filers), $150,000 (joint filers), and is completely phased out at $300,000 (single filers) and $400,000 (joint filers). The credit would be paid out monthly in advance, with taxpayers able to establish their eligibility through tax returns or an online portal. The bill also creates a separate $500 annual credit for other dependents not qualifying for the child credit. To receive the payment, children must be U.S. citizens or legally adopted, live with the taxpayer for more than half the month, and be under 18. The program includes provisions to handle complex family situations like divorced parents, and contains safeguards against fraud. The monthly child tax credit would begin in 2025, replacing the current annual child tax credit, and would be adjusted annually for inflation.
Committee Categories
Budget and Finance
Sponsors (45)
Michael Bennet (D)*,
Angela Alsobrooks (D),
Tammy Baldwin (D),
Richard Blumenthal (D),
Lisa Blunt Rochester (D),
Cory Booker (D),
Maria Cantwell (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
John Fetterman (D),
Ruben Gallego (D),
Kirsten Gillibrand (D),
Maggie Hassan (D),
Martin Heinrich (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Andy Kim (D),
Angus King (I),
Amy Klobuchar (D),
Ben Ray Luján (D),
Ed Markey (D),
Jeff Merkley (D),
Chris Murphy (D),
Patty Murray (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Adam Schiff (D),
Chuck Schumer (D),
Jeanne Shaheen (D),
Elissa Slotkin (D),
Tina Smith (D),
Chris Van Hollen (D),
Mark Warner (D),
Raphael Warnock (D),
Elizabeth Warren (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 04/09/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/1393/all-info |
| BillText | https://www.congress.gov/119/bills/s1393/BILLS-119s1393is.pdf |
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