COVID-19 Earned Income Act
This bill sets forth a special rule for determining the amount of the earned income tax credit and the refundable portion of the child tax credit. Specifically, the bill allows a taxpayer to use the earned income of the preceding taxable year in computing such credits if such income is greater than the income for the current taxable year (i..e., 2020).
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2020-03-19 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2020-03-19 | IntroReferral | Introduced in Senate | Library of Congress |