Working to transform the child welfare system.

HR 2681: Foster Earned Income Tax Credit (EITC) Act of 2017

HR 2681 amends the Internal Revenue Code to expand the age of Earned Income Tax Credit (EITC) eligibility to age 21 and expands eligibility to 18 for youth who were in foster care on or after their 14th birthday. 

A “qualified foster youth” is an individual who: (1) has attained age 18 but not attained age 21 before the close of the taxable year, and (2) on or after attaining the age of 14 was placed in a foster family home by a state, a political subdivision of the state, or a qualified foster care placement agency.

Current law requires beneficiaries to be age 25 and older (unless you have minor dependents).  The Earned Income Tax Credit is tax credit that is equal to a fixed percentage of earnings, which is awarded to lower-income working persons.  The EITC has been shown to promote work, reduce poverty, and improve health and educational outcomes in its recipients (Center on Budget and Policy Priorities).  

Senate companion bill: S 2327, introduced in 2015 and sponsored by Robert Casey (D-PA).