Tax-Credit

👀 I’m Just a Bill — Child and Dependent Care Tax Credit Expansion A Liana Banyan “I’m Just a Bill” Bounty Poster What is this bill? Expansion of the federal Child and Dependent Care Tax Credit in the 119th Congress, addressing the documented gap between child-care costs and household budgets in nearly every metropolitan area. What does it actually do? Increases the maximum credit amount and the percentage of expenses covered. Adjusts income-phase-out thresholds. Refundability: Modifications to make the credit fully or partially refundable (current structure largely non-refundable). Caregiver eligibility: Updates definition of qualifying care providers to include cooperative-class care arrangements. Who votes when? House Ways & Means + Senate Finance active consideration. How does this affect cooperative-class families? Composes directly with #1 Lets Make Dinner Freezer Host network (often staffed by parents in dual-care situations), #4 Household Concierge (cooperative childcare connection service), and #5 The Family Table ($11T unpaid-care-work). Federal Child and Dependent Care Tax Credit is the floor; cooperative-class care arrangements compose with the federal structure. ...

👀 I’m Just a Bill — Earned Income Tax Credit Expansion A Liana Banyan “I’m Just a Bill” Bounty Poster What is this bill? Expansion of the federal Earned Income Tax Credit (EITC) in the 119th Congress. EITC is one of the largest anti-poverty programs in the U.S. tax code; current proposals address marriage-penalty provisions, childless-worker eligibility, and refundability. What does it actually do? Marriage penalty: Adjusts phase-out so married couples don’t lose benefits when both work Childless workers: Expands eligibility for workers without qualifying children Maximum credit: Increases amount available to qualifying households Refundability: Strengthens refundable portion for low-income filers Who votes when? House Ways & Means + Senate Finance active consideration How does this affect cooperative-class families? EITC is the single largest cash-benefit program for cooperative-class working families. Expansion materially affects food security (#1, #2), housing stability (Save-the-World Paper 3), and member ability to fund MSA / VSL participation. ...