Child Tax Credit for Pregnant Moms Act of 2022

Hozzl · 2022-12-30T03:49:00Z

Explore the details of House Bill 6505 Child Tax Credit for Pregnant Moms Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 3:49 AM

Summary of Bill HR 6505

Bill 117 HR 6505, also known as the Child Tax Credit for Pregnant Moms Act of 2022, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide a tax credit to pregnant women in order to support them financially during their pregnancy and after the birth of their child.

The bill proposes to amend the Internal Revenue Code to allow pregnant women to claim a tax credit of up to $2,000 for each child they are expecting. This tax credit would be in addition to the existing Child Tax Credit and would be available to pregnant women in the year in which they are expecting the child.

The bill aims to provide financial assistance to pregnant women who may be facing financial difficulties during their pregnancy. By providing this tax credit, the bill seeks to alleviate some of the financial burden that pregnant women may face, such as medical expenses, childcare costs, and other expenses related to pregnancy and childbirth. Overall, the Child Tax Credit for Pregnant Moms Act of 2022 is designed to support pregnant women and their families by providing them with additional financial assistance during a critical time in their lives. The bill is currently being considered by Congress and may be subject to further amendments before it is passed into law.

Congressional Summary of HR 6505

Child Tax Credit for Pregnant Moms Act of 2022

This bill allows a child tax credit for an unborn child who is born alive. It also allows the credit upon certification that a mother's pregnancy resulted in a miscarriage (the involuntary death of an unborn child who was carried in the womb for less than 20 weeks) or that the child was stillborn (the involuntary death of an unborn child who was carried in the womb for 20 weeks or more).

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Current Status of Bill HR 6505

Bill HR 6505 is currently in the status of Bill Introduced since January 25, 2022. Bill HR 6505 was introduced during Congress 117 and was introduced to the House on January 25, 2022. Bill HR 6505's most recent activity was Referred to the Subcommittee on Health. as of January 26, 2022

Bipartisan Support of Bill HR 6505

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Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 6505

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6505

Child Tax Credit for Pregnant Moms Act of 2022

To amend the Internal Revenue Code of 1986 to provide a child tax credit for pregnant moms with respect to their unborn children, and for other purposes.