Bill > HR2972

This bill aims to modify the Earned Income Tax Credit (EITC), a federal tax credit designed to help low to moderate-income working individuals and families, by removing the current upper age limit on eligibility. Under existing tax law, workers over the age of 64 are not permitted to claim the EITC, which this bill would change. Specifically, the legislation would strike the language "but not attained age 65" from section 32(c)(1)(A)(ii) of the Internal Revenue Code, effectively allowing workers aged 65 and older to qualify for the tax credit. The changes would take effect for taxable years beginning after December 31, 2025, meaning older workers would be able to claim the EITC starting with their 2026 tax returns. By removing the age restriction, the bill seeks to provide additional financial support to older workers who continue to be employed and may have lower incomes, helping to supplement their earnings and potentially improve their economic stability.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2972/all-info