HR 2763
American Family Act
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Bill overview
The American Family Act establishes a refundable monthly child tax credit, aiming to provide financial support to families with children. Families can receive advance payments of up to $300 per month for each specified child, with adjustments based on income. The credit is subject to limitations based on modified adjusted gross income and is designed to be more responsive to families’ needs. Additionally, the bill introduces a separate credit of $500 per specified dependent for taxpayers who do not qualify for the monthly advance payments.
Key provisions
- Establishes a refundable monthly child tax credit of up to $300 per month per specified child.
- The credit is reduced based on the taxpayer’s modified adjusted gross income.
- The amount of the credit is adjusted annually based on inflation.
- Introduces a separate $500 credit for each specified dependent.
- Establishes a ‘period of presumptive eligibility’ for families to receive advance payments.
- Provides for coordination with possessions of the United States, including Puerto Rico and American Samoa.
- Includes provisions to prevent fraud and ensure accurate payment distribution.
- Specifies identification requirements for claiming the credit.
Who is affected
- Families with children
- Taxpayers
- Low-to-moderate income families
- State and local governments
- Federal government
Notable changes
- Creates a monthly advance payment system for the child tax credit, moving away from an annual tax credit.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
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119th CONGRESS — 1st Session
H. R. 2763
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Internal Revenue Code of 1986 to establish a refundable child tax credit with monthly advance payment.
This Act may be cited as the American Family Act
.
For purposes of this section, the term monthly specified child allowance means, with respect to any taxpayer for any calendar month, the sum of—
$300, with respect to each specified child of such taxpayer who will (as of the close of such month) have attained age 6, plus
In the case of any specified child of such taxpayer who will not (as of the close of such month) have attained the age of 1 month, subparagraph (B) shall be applied by substituting 800 percent
for 120 percent
.
The amount of the reduction under subparagraph (A) shall not exceed the lesser of—
the excess (if any) of—
1/12 of 5 percent of the excess of the secondary threshold amount over the initial threshold amount.
For purposes of this paragraph—
The term initial threshold amount means—
1/2 the dollar amount in effect under subclause (I), in the case of a married individual filing a separate return, and
$112,500, in any other case.
The term secondary threshold amount means—
$200,000, in the case of a married individual filing a separate return, and
$300,000, in any other case.
The term applicable taxable year means, with respect to any taxable year for which the credit under this section is determined—
such taxable year, or
if the taxpayer elects the application of this subclause (at such time and in such form and manner as the Secretary may provide), the preceding taxable year or the second preceding taxable year (as specified in such election).
The term modified adjusted gross income means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933.
such dollar amount, multiplied by—
the percentage (if any) by which—
the CPI (as defined in section 1(f)(4)) for the calendar year preceding the calendar year in which such month begins, exceeds
the CPI (as so defined) for calendar year 2024.
such dollar amount, multiplied by
the percentage (if any) which would be determined under subparagraph (A)(ii) if subclause (II) thereof were applied by substituting 2022
for 2024
.
Any increase under subparagraph (B) which is not a multiple of $5,000 shall be rounded to the nearest multiple of $5,000.
For purposes of this section—
The term specified child means, with respect to any taxpayer for any calendar month, an individual—
who has the same principal place of abode as the taxpayer for more than one-half of such month,
who is younger than the taxpayer and will not, as of the close of such month, have attained age 18,
who receives care from the taxpayer during such month that is not compensated,
who is not the spouse of the taxpayer at any time during such month, and
who either—
is a citizen, national, or resident of the United States, or
if the taxpayer is a citizen or national of the United States, such individual is a legally adopted individual of such taxpayer or is lawfully placed with such taxpayer for legal adoption by such taxpayer.
The maintenance by the taxpayer of a secure environment at which the individual resides.
The provision or arrangement by the taxpayer of, and transportation by the taxpayer to, medical care at regular intervals and as required for the individual.
The involvement by the taxpayer in, and financial and other support by the taxpayer for, educational or similar activities of the individual.
Any other factor that the Secretary determines to be appropriate to determine whether the individual receives care from the taxpayer.
For purposes of determining if care is compensated within the meaning of paragraph (1)(C), compensation from the Federal Government, a State or local government, a Tribal government, or any possession of the United States shall not be taken into account.
Except as provided in subparagraph (D), if any individual would (but for this paragraph) be a specified child of 2 or more taxpayers for any month, such individual shall be treated as the specified child only of the taxpayer who is—
the parent of the individual (or, if such individual would (but for this paragraph) be a specified child of 2 or more parents of the individual for such month, the parent of the individual determined under subparagraph (B)),
if the individual is not a specified child of any parent of the individual (determined without regard to this paragraph), the specified relative of the individual with the highest adjusted gross income for the taxable year which includes such month, or
if the individual is neither a specified child of any parent of the individual nor a specified child of any specified relative of the individual (in both cases determined without regard to this paragraph), the taxpayer with the highest adjusted gross income for the taxable year which includes such month.
If any individual would (but for this paragraph) be the specified child of 2 or more parents of the individual for any month, such child shall be treated only as the specified child of—
the parent with whom the child resided for the longest period of time during such month, or
if the child resides with both parents for the same amount of time during such month, the parent with the highest adjusted gross income for the taxable year which includes such month.
For purposes of this paragraph, the term specified relative means an individual who is—
an ancestor of a parent of the specified child,
a brother or sister of a parent of the specified child, or
a brother, sister, stepbrother, or stepsister of the specified child.
This paragraph shall be applied without regard to any parent or specified relative of an individual for any month if—
such parent or specified relative elects to have such individual not be treated as a specified child of such parent or specified relative for such month,
in the case of a parent of such individual, the adjusted gross income of the taxpayer (with respect to whom such individual would be treated as a specified child after application of this subparagraph) for the taxable year which includes such month is higher than the highest adjusted gross income of any parent of the individual for any taxable year which includes such month (determined without regard to any parent with respect to whom such individual is not a specified child, determined without regard to subparagraphs (A) and (B) and after application of this subparagraph), and
Except as otherwise provided by the Secretary, the term parent shall have the same meaning as when used in section 152(c)(4).
In the case of any individual’s temporary absence from such individual’s principal place of abode, each day composing the temporary absence shall—
be treated as a day at such individual’s principal place of abode,
not be treated as a day at any other location.
For purposes of subparagraph (A), an absence shall be treated as temporary if—
the individual would have resided at the place of abode but for the absence, and
under the facts and circumstances, it is reasonable to assume that the individual will return to reside at the place of abode.
Rules similar to the rules section 152(e) shall apply for purposes of this subsection.
If a period of presumptive eligibility is established under section 7527A(c) with respect to any taxpayer and child—
such child shall be treated as the specified child of such taxpayer for any month in such period of presumptive eligibility, and
Nothing in section 7527A(c) shall be interpreted to preclude a taxpayer from establishing a period of presumptive eligibility (including any period described in subparagraph (D) with respect to which payment could be made) with respect to any specified child for purposes of this section solely because such taxpayer affirmatively elects not to receive monthly advance child payments under section 7527A.
If a period of presumptive eligibility is established under section 7527A(c) for any individual with respect to any taxpayer and such individual is not the specified child of such taxpayer for any month in such period by reason of such taxpayer failing to be described in clause (i), (ii), or (iii) of paragraph (4)(A) for the taxable year which includes such month, subparagraph (A) shall not apply with respect to such month.
If any payment is made under subparagraph (A) or (B) of section 7527A(f)(3) or paragraph (1) or (2) of section 7527A(g), with respect to any taxpayer and child for any period, such period shall be treated as a period of presumptive eligibility established under section 7527A(c) with respect to such taxpayer and child for purposes of applying subparagraph (A).
If the Secretary determines that the taxpayer committed fraud or intentionally disregarded rules or regulations in establishing or maintaining any period of presumptive eligibility, the months with respect to which such fraud or intentional disregard relates shall not be treated as a period of presumptive eligibility for purposes of subparagraph (A).
If the taxpayer (in the case of a joint return, either spouse) has a principal place of abode (determined as provided in section 32) in the United States or Puerto Rico for more than one-half of any calendar month during the taxable year, so much of the credit otherwise allowed under subsection (a) as is attributable to monthly specified child allowances with respect to any such calendar month shall be allowed under subpart C (and not allowed under this subpart).
No credit shall be allowed under this section if the taxpayer identification number of the taxpayer was issued after the due date for filing the return for the taxable year.
No credit shall be allowed under this section for any taxable year (and no payment shall be made under section 7527A for any month) in the disallowance period.
For purposes of subparagraph (A), the disallowance period is—
the period of 120 calendar months after the most recent calendar month for which there was a final determination that the taxpayer’s claim of credit under this section or section 24 (or payment received under section 7527A) was due to fraud, and
the period of 24 calendar months after the most recent calendar month for which there was a final determination that the taxpayer’s claim of credit under this section or section 24 (or payment received under section 7527A) was due to reckless or intentional disregard of rules and regulations (but not due to fraud).
In the case of a taxpayer who is denied credit under this section or section 24 for any taxable year as a result of the deficiency procedures under subchapter B of chapter 63, no credit shall be allowed under this section for any subsequent taxable year (and no payment shall be made under section 7527A for any subsequent month) unless the taxpayer provides such information as the Secretary may require to demonstrate eligibility for such credit.
Fraud, or reckless or intentional disregard of rules and regulations, by the taxpayer.
Changes in the taxpayer’s modified adjusted gross income or filing status that affect the application of the limitation imposed by subsection (b)(2).
Payments under section 7527A which were made for months which were not part of a period of presumptive eligibility.
A failure to satisfy the requirements of subsection (d).
The Secretary shall pay to each possession of the United States with a mirror code tax system amounts equal to the loss (if any) to that possession by reason of the application of this section (determined without regard to this subsection) with respect to taxable years beginning in calendar years after 2024. Such amounts shall be determined by the Secretary based on information provided by the government of the respective possession.
For purposes of this paragraph, the term mirror code tax system means, with respect to any possession of the United States, the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the United States as if such possession were the United States.
For application of refundable credit to residents of Puerto Rico, see subsection (d).
For application of advance payment to residents of Puerto Rico, see section 7527A(b)(5).
In the case of a taxable year with respect to which a plan is not approved under subparagraph (B), subsection (d) shall be applied by substituting , Puerto Rico, or American Samoa
for or Puerto Rico
.
The Secretary shall issue such regulations or other guidance as the Secretary determines necessary or appropriate to carry out the purposes of this section, including regulations or other guidance—
for determining whether an individual receives care from a taxpayer for purposes of subsection (c)(1)(C), and
to coordinate or modify the application of this section, section 24, and section 7527A in the case of any taxpayer—
whose taxable year is other than a calendar year,
whose filing status for a taxable year is different from the status used for determining one or more monthly payments under section 7527A during such taxable year, or
whose principal place of abode for any month is different from the principal place of abode used for determining the monthly payment under section 7527A for such month.
There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to $500 with respect to each specified dependent of such taxpayer for such taxable year.
The amount of the credit allowable under subsection (a) shall be reduced (but not below zero) by $50 for each $1,000 (or fraction thereof) by which the taxpayer’s modified adjusted gross income exceeds the threshold amount.
For purposes of this subsection, the term threshold amount means—
$200,000, in the case of a married individual filing a separate return, and
$300,000, in any other case.
For purposes of this subsection, the term modified adjusted gross income means adjusted gross income increased by any amount excluded from gross income under section 911, 931, or 933.
For purposes of this section, the term specified dependent means, with respect to any taxpayer for any taxable year, any dependent of such taxpayer (as defined in section 152) for such taxable year unless such dependent—
is a specified child of the taxpayer, or any other taxpayer, for any month during such taxable year, or
would not be a dependent if subparagraph (A) of section 152(b)(3) were applied without regard to all that follows resident of the United States
.
If any dependent of the taxpayer attains age 18 during the taxable year—
with respect to such dependent, subsection (a) shall be applied by substituting an amount for $500
that bears the same ratio to $500 as—
the excess of—
12, over
the number of months during such taxable year with respect to which such dependent is a specified child of the taxpayer or any other taxpayer, bears to
12.
Except in the case of a taxable year closed by reason of the death of the taxpayer, no credit shall be allowable under this section in the case of a taxable year covering a period of less than 12 months.
The Secretary shall issue such regulations or other guidance as the Secretary determines necessary or appropriate to carry out the purposes of this section.
Section 7527A of such Code is amended to read as follows:
The term monthly advance child payment means, with respect to any taxpayer for any calendar month, the amount (if any) which is estimated by the Secretary as being equal to the monthly specified child allowance which would be determined under section 24A(b) with respect to such taxpayer for such calendar month if—
the only specified children of such taxpayer for such calendar month are the specified children of such taxpayer for the reference month (determined without regard to section 24A(c)(7)),
the ages of such children (and the status of such children as specified children) are determined for such calendar month by taking into account the passage of time since such reference month,
each child is only taken into account as a specified child for such calendar month if such calendar month is during a period of presumptive eligibility with respect to the taxpayer and such child,
the limitations of section 24A(b)(2) were applied with respect to the reference taxable year rather than with respect to the applicable taxable year, and
For purposes of this section, the term period of presumptive eligibility means, with respect to any taxpayer and any child, the period—
beginning with the calendar month following the calendar month during which the taxpayer provides the Secretary with sufficient information for the Secretary to—
determine that such child was a specified child of the taxpayer for the reference month (determined without regard to section 24A(c)(7)), and
estimate the monthly advance child payment for such calendar month, and
the month beginning immediately after the month on which the Secretary sends the taxpayer a written notice that the taxpayer’s period of presumptive eligibility with respect to such child is being terminated by reason of information known to the Secretary (including a failure to provide annual information under paragraph (2)) which casts doubt on such taxpayer’s status as being allowed the monthly specified child allowance under section 24A for such child (determined without regard to section 24A(c)(7)) with respect to one or more months following the reference month,
the month beginning immediately before the first month of a new period of presumptive eligibility with respect to such taxpayer and such child which is established on the basis of a reference month more recent than the reference month with respect to which such prior period was established (including on the basis of an annual renewal described in paragraph (2)).
a parent of a child born during a calendar month shall be treated as automatically establishing a period of presumptive eligibility with respect to such child,
the month for which such period begins, and the month by which the first annual renewal described in paragraph (2) must be completed, are determined, and
based on information provided to the Secretary by one or more government entities, a parent or specified relative of a child is treated as automatically establishing a period of presumptive eligibility with respect to such child, and
the month for which such period begins, the month by which the first annual renewal described in paragraph (2) must be completed, and any additional circumstances under which such period will terminate, are determined.
With respect periods of presumptive eligibility beginning during the first 6 months to which this section applies, the Secretary shall issue regulations or other guidance to establish procedures pursuant to which—
based on information known to the Secretary including returns of tax for either of the last 2 taxable years ending before such month, a parent or specified relative of a child is treated as automatically establishing a period of presumptive eligibility with respect to such child, and
For purposes of this section—
The term reference month means, with respect to any calendar month in a period of presumptive eligibility with respect to a taxpayer, the most recent of—
in the case of a taxpayer who filed a return of tax for the last taxable year ending before such calendar month, the last month of such taxable year,
in the case of a taxpayer who filed a return of tax for the taxable year preceding the taxable year described in subparagraph (A), the last month of such preceding taxable year, and
in the case of a taxpayer who otherwise provides the information referred to in subsection (c)(1)(A), the month with respect to which such information is provided.
if the reference month with respect to such calendar month is determined under subparagraph (A) or (B) of paragraph (1), the taxable year referred to in such subparagraph, respectively, and
if the reference month with respect to such calendar month is determined under subparagraph (1)(C), the last taxable year ending before such reference month.
The Secretary shall ensure the information described in subsection (c)(1)(A) may be provided on the return of tax for the taxable year ending before the calendar year which includes the month for which such period would begin, through the on-line portal described in paragraph (2), or in such other manner as the Secretary may provide.
The Secretary shall establish an on-line portal (available in multiple languages) which allows taxpayers to—
subject to such restrictions as the Secretary may provide, elect to begin or cease receiving payments under this section, and
provide the information described in subsection (c)(1)(A).
If there is a period of presumptive eligibility with respect to any taxpayer and child (hereafter referred to as the original claim
), a period of presumptive eligibility would (without regard to this subsection) be established with respect another taxpayer and such child (hereafter referred to as the challenge claim
), and the period of such challenge claim would overlap with the period of such original claim—
such challenge claim shall not be taken into account under this section unless the reference month with respect to which the challenge claim would be established is at least as recent as the reference month with respect to which the original claim is established,
such challenge claim shall not begin before the original claim is terminated, and
the Secretary shall establish procedures under which the Secretary expeditiously adjudicates such claims on the basis of the most recent feasible reference month.
The procedures established under paragraph (1)(C) shall require that the taxpayer establishing the challenge claim express a reasonable expectation and intent that such taxpayer would be allowed a monthly specified child allowance under section 24A(b) (determined without regard to section 24A(c)(7)) for at least the first 2 months following the reference month referred to in paragraph (1)(C).
an expedited process for taxpayers who meet such requirements as the Secretary may establish for such expedited process, and
procedures for adjudicating an appeal of an adverse decision.
Federal agencies (including the Social Security Administration and the Department of Agriculture),
any State, local government, Tribal government, or possession of the United States, and
any other individual or entity that the Secretary determines to be appropriate for such purposes.
The inspection of a taxpayer’s books of account in connection with any adjudication under this paragraph shall not be treated as an examination or inspection of a taxpayer’s books of account for purposes of section 7605(b).
Subparagraph (A) shall not apply with respect to any taxpayer more than once during any 36-month period.
For purposes of applying paragraph (1) or (2) with respect to any challenge claim to which subsection (f)(3)(A) applies, the period of presumptive eligibility shall be treated as including the period for which payment is made under such subsection.
The payments made by the Secretary under subsection (a) shall be made by electronic funds transfer to the same extent and in the same manner as if such payments were Federal payments not made under this title.
any account to which the payee authorized, on or after January 1, 2024, the delivery of a refund of taxes under this title or of a Federal payment (as defined in section 3332 of title 31, United States Code),
any account belonging to a payee from which that individual, on or after January 1, 2024, made a payment of taxes under this title, or
any Treasury-sponsored account (as defined in section 208.2 of title 31, Code of Federal Regulations).
Notwithstanding section 3325 of title 31, United States Code, or any other provision of law, with respect to any payment of a refund under this section, a disbursing official in the executive branch of the United States Government may modify payment information received from an officer or employee described in section 3325(a)(1)(B) of such title for the purpose of facilitating the accurate and efficient delivery of such payment. Except in cases of fraud or reckless neglect, no liability under sections 3325, 3527, 3528, or 3529 of title 31, United States Code, shall be imposed with respect to payments made under this paragraph.
subject to reduction or offset pursuant to section 3716 or 3720A of title 31, United States Code,
subject to reduction or offset pursuant to subsection (c), (d), (e), or (f) of section 6402, or
reduced or offset by other assessed Federal taxes that would otherwise be subject to levy or collection.
The right of any person to any applicable payment shall not be transferable or assignable, at law or in equity, and no applicable payment shall be subject to, execution, levy, attachment, garnishment, or other legal process, or the operation of any bankruptcy or insolvency law.
In the case of an applicable payment described in subparagraph (E)(iii)(I) that is paid electronically by direct deposit through the Automated Clearing House (ACH) network, the Secretary of the Treasury (or the Secretary's delegate) shall—
issue the payment using a unique identifier that is reasonably sufficient to allow a financial institution to identify the payment as an applicable payment, and
further encode the payment pursuant to the same specifications as required for a benefit payment defined in section 212.3 of title 31, Code of Federal Regulations.
In the case of a garnishment order that applies to an account that has received an applicable payment that is encoded as provided in subparagraph (B), a financial institution shall follow the requirements and procedures set forth in part 212 of title 31, Code of Federal Regulations, except—
a financial institution shall not, with regard to any applicable payment, be required to provide the notice referenced in sections 212.6 and 212.7 of title 31, Code of Federal Regulations.
In the case of a garnishment order (other than an order that has been served by the United States) that has been received by a financial institution and that applies to an account into which an applicable payment that has not been encoded as provided in subparagraph (B) has been deposited electronically on any date during the lookback period or into which an applicable payment that has been deposited by check on any date in the lookback period, the financial institution, upon the request of the account holder, shall treat the amount of the funds in the account at the time of the request, up to the amount of the applicable payment (in addition to any amounts otherwise protected under part 212 of title 31, Code of Federal Regulations), as exempt from a garnishment order without requiring the consent of the party serving the garnishment order or the judgment creditor.
A financial institution that acts in good faith in reliance on clauses (i) or (ii) shall not be subject to liability or regulatory action under any Federal or State law, regulation, court or other order, or regulatory interpretation for actions concerning any applicable payments.
This paragraph shall not alter the status of applicable payments as tax refunds or other nonbenefit payments for purpose of any reclamation rights of the Department of the Treasury or the Internal Revenue Service as per part 210 of title 31, Code of Federal Regulations.
For purposes of this paragraph—
The term account holder means a natural person whose name appears in a financial institution’s records as the direct or beneficial owner of an account.
The term account review means the process of examining deposits in an account to determine if an applicable payment has been deposited into the account during the lookback period. The financial institution shall perform the account review following the procedures outlined in section 212.5 of title 31, Code of Federal Regulations and in accordance with the requirements of section 212.6 of title 31, Code of Federal Regulations.
The term applicable payment means—
any payment made to an individual under this section (other than any payment made pursuant to paragraph (6)),
any advance payment made by a possession of the United States with a mirror code tax system (as defined in section 24(h)) pursuant to an election under paragraph (6)(B) which corresponds to a payment described in subclause (I), and
any advance payment made by American Samoa pursuant to a program for making such payments which is described in paragraph (6)(C)(ii).
The term garnishment means execution, levy, attachment, garnishment, or other legal process.
The term garnishment order means a writ, order, notice, summons, judgment, levy, or similar written instruction issued by a court, a State or State agency, a municipality or municipal corporation, or a State child support enforcement agency, including a lien arising by operation of law for overdue child support or an order to freeze the assets in an account, to effect a garnishment against a debtor.
The term lookback period means the two-month period that begins on the date preceding the date of account review and ends on the corresponding date of the month two months earlier, or on the last date of the month two months earlier if the corresponding date does not exist.
For application of monthly advance child payments to residents of Puerto Rico, see subsection (b)(4).
In the case of any possession of the United States with a mirror code tax system (as defined in section 24A(h)(1)(C)), this section shall not be treated as part of the income tax laws of the United States for purposes of determining the income tax law of such possession unless such possession elects to have this section be so treated.
In the case of any possession described in subparagraph (B) which makes the election described in such subparagraph, the amount otherwise paid by the Secretary to such possession under section 24A(h)(1)(A) with respect to taxable years beginning in 2025, 2026, and 2027 shall each be increased by $300,000 if such possession has a plan, which has been approved by the Secretary, for making monthly advance child payments consistent with such election.
The amount otherwise paid by the Secretary to American Samoa under subparagraph (A) of section 24A(h)(3) with respect to taxable years beginning in 2024, 2025, and 2026 shall each be increased by $300,000 if the plan described in subparagraph (B) of such section includes a program, which has been approved by the Secretary, for making monthly advance child payments under rules similar to the rules of this section.
The Secretary may pay, upon the request of the possession of the United States to which the payment is to be made, the amount of the increase determined under clause (i) or (ii), respectively, immediately upon approval of the plan with respect to which such payment relates.
Except as otherwise provided in this section, terms used in this section which are also used in section 24A shall have the same respective meanings as when used in section 24A.
A child shall not be taken into account in determining the monthly advance child payment for any calendar month if the death of such child before the end of such month is known to the Secretary as of date on which the Secretary estimates such payment.
Rules similar to the rules which apply under section 24A(e) shall apply for purposes of this section except that such rules shall apply with respect to the return of tax for the reference taxable year or, in the case of information provided through the on-line portal or otherwise, with respect to the information so provided.
Not later than January 31 of the calendar year following any calendar year during which the Secretary makes one or more payments to any taxpayer under this section, the Secretary shall provide such taxpayer with a written notice which includes—
the taxpayer’s taxpayer identity (as defined in section 6103(b)(6)),
the aggregate amount of such payments made to such taxpayer during such calendar year, and
such other information as the Secretary determines appropriate.
In the case of any payments made to a taxpayer which the Secretary has determined are subject to treatment as excess advance payments, the notice provided under paragraph (1) to such taxpayer shall include the amount of such payments.
Any month with respect to which such monthly advance child payment will increase (relative to the preceding month) by reason of an inflation adjustment under section 24A(b)(3)(A).
Any month with respect to which such monthly advance child payment will be reduced (relative to the preceding month) by reason of such child ceasing to be a specified child by reason of attaining age 18.
In the case of a taxpayer with a specified child described in section 24A(b)(1)(A), any month with respect to which such monthly advance child payment will be reduced by reason of such child attaining age 6.
Such other events as the Secretary determines appropriate.
The Secretary shall issue such regulations or other guidance as the Secretary determines necessary or appropriate to carry out the purposes of this section.
Section 6103(e) of such Code is amended by adding at the end the following new paragraph:
The number of specified children, including by reason of the birth of a child.
The name and TIN of specified children.
Marital status.
Modified adjusted gross income.
Principal place of abode.
Such other information as the Secretary may provide.
any State, local government, Tribal government, or possession of the United States, or
any other individual or entity that the Secretary determines to be appropriate for purposes of adjudicating claims under section 7527A(f).
Information considered by the Secretary about where and with whom the specified child resided.
Information considered by the Secretary about expenditures made by the claimants to the extent such payments relate to the original or challenge claim.
Section 26(b)(2) of such Code is amended by striking and
at the end of subparagraph (Y), by striking the period at the end of subparagraph (Z) and inserting , and
, and by adding at the end the following new subparagraph:
Section 3402(f)(1)(C) of such Code is amended by inserting or section 24A (determined after application of subsection (g) thereof)
after section 24 (determined after application of subsection (j) thereof)
.
or section 24A, as the case may beafter
section 24.
24A by reason of subsection (d) thereof,after
24 by reason of subsections (d) and (i)(1) thereof,.
Section 6213(g)(2)(I) of such Code is amended by inserting or section 24A(e) (relating to monthly child tax credit)
after section 24(e) (relating to child tax credit)
.
Section 6213(g)(2)(L) of such Code is amended by inserting 24A,
after 24,
.
Section 6213(g)(2)(P) of such Code is amended—
by inserting or 24A(f)(2)
after section 24(g)(2)
,
by inserting or 24A
after under section 24
, and
by striking subsection (g)(1) thereof
and inserting section 24(g)(1) or section 24A(f)(1), respectively
.
24A,after
24,.
24A,after
24,.
The amendments made by subsection (b) shall apply to—
calendar months beginning after the date of the enactment of this Act, and
in the case of section 7527A(g) of the Internal Revenue Code of 1986 (relating to grace periods and hardships), calendar months beginning after December 31, 2024.
The amendment made by subsection (d) shall take effect on the date of the enactment of this Act.