Child Tax Credit Improvement Act of 2014

Hozzl · 2024-03-14T12:48:48Z

Explore the details of House Bill 4935 Child Tax Credit Improvement Act of 2014 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/14/2024, 12:48 PM

Congressional Summary of HR 4935

Child Tax Credit Improvement Act of 2014 - Amends the Internal Revenue Code, with respect to the child tax credit, to: (1) increase from $110,00 to $150,000 ($75,000 for individual taxpayers and married taxpayers filing separately) the threshold amount applicable to married couples filing joint tax returns above which such tax credit is reduced, and (2) allow an inflation adjustment to the threshold amounts and the $1,000 credit amount beginning after 2014.

Requires taxpayers to include their social security numbers on their tax returns to claim the refundable portion of the child tax credit.

Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard.

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Current Status of Bill HR 4935

Bill HR 4935 is currently in the status of Bill Introduced since June 23, 2014. Bill HR 4935 was introduced during Congress 113 and was introduced to the House on June 23, 2014. Bill HR 4935's most recent activity was Pursuant to the provisions of H. Res. 680, H.R. 4935 is laid on the table. as of July 25, 2014

Bipartisan Support of Bill HR 4935

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 4935

Primary Policy Focus

Taxation

Potential Impact Areas

Income tax creditsInflation and pricesMarriage and family statusTax treatment of families

Alternate Title(s) of Bill HR 4935

Child Tax Credit Improvement Act of 2014To amend the Internal Revenue Code of 1986 to make improvements to the child tax credit.Child Tax Credit Improvement Act of 2014Child Tax Credit Improvement Act of 2014Child Tax Credit Improvement Act of 2014

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