H.R. 6762 · 116th Congress
COVID-19 Earned Income Act
- Stage
- In committee
- Sponsor
- Brian Higgins
- Introduced
- 2020-05-08
- Latest action
- 2020-05-08 · Introduced in House
Summary
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).