EITC Modernization Act

# EITC Modernization Act Summary **What the Bill Would Do:** The EITC Modernization Act aims to update and improve the Earned Income Tax Credit (EITC), a federal tax benefit that provides money to low- and moderate-income working people and families. While specific provisions aren't detailed in the available information, modernization bills typically propose changes to how the credit is calculated, eligibility requirements, or payment amounts to better serve current workers and families. **Who It Affects:** This bill would primarily affect low- to moderate-income workers and families who use the EITC, as well as potentially the Internal Revenue Service (IRS) and state tax administrators who process these claims. **Current Status:** The bill (HR 905) was introduced in the 119th Congress by Representative Bonnie Watson Coleman (D-NJ) and is currently in committee review.

This means it has not yet advanced to a full House vote. For detailed information about the specific proposed changes, you would need to consult the full bill text on Congress.gov.