S. 2327 · 114th Congress
Foster EITC Act of 2015
- Stage
- In committee
- Sponsor
- Bob Casey
- Introduced
- 2015-11-19
- Latest action
- 2015-11-19 · Introduced in Senate
Summary
Foster EITC Act of 2015
This bill amends the Internal Revenue Code to modify the earned income tax credit by: (1) making permanent the increase in the rate of such credit for taxpayers with three or more children, (2) increasing the credit for taxpayers with no qualifying children, (3) reducing the qualifying age for such credit for certain childless individuals (from age 25 to age 21) and for youth formerly in foster care (from age 25 to age 18), (4) imposing new reporting requirements for youth in foster care who have attained age 16, and (5) revising eligibility rules relating to married individuals living apart and qualifying children claimed by another family member.