3.0.0 1840 2023-01-11T13:38:34Z 2023-01-11T13:38:34Z Senate S 2017-09-19 115 ssfi00 Finance Committee Senate Standing Referred to 2017-09-19T21:16:34Z 2017-09-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-09-19 Introduced in Senate IntroReferral 10000 9 Library of Congress H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH N Taxation Immigration status and procedures Income tax credits Tax administration and collection, taxpayers Wages and earnings Taxation 00 2017-09-19 Introduced in Senate 2018-03-12T20:15:53Z Middle Class Tax Break Act of 2017

This bill amends the Internal Revenue Code to allow a working America tax credit equal to the lesser of: (1) 6.2% of the earned income of the taxpayer, or (2) $500 ($1,000 in the case of a joint return or a head of a household).

Individuals whose modified adjusted gross income does not exceed $100,000 ($200,000 in the case of a joint return or a head of a household) are eligible for the credit.

The following individuals or entities are ineligible for the credit: (1) estates or trusts, (2) nonresident aliens, (3) individuals who do not include a Social Security number on their tax return, and (4) individuals for whom another taxpayer is allowed a deduction for a personal exemption.

]]> Middle Class Tax Break Act of 2017 Display Title Middle Class Tax Break Act of 2017 Short Titles as Introduced Middle Class Tax Break Act of 2017 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a working America tax credit. Introduced in Senate 2017-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1840is/xml/BILLS-115s1840is.xml 2017-09-19 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.