The credit and its refundable part rise with prices
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70104, Sec. 70104.
Written by .
The credit and its refundable part rise with prices
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70104 in the PDF
What the document says
“In the case of a taxable year beginning after 2025, the $2,200 amount in subsection (h)(2) shall be increased by an amount equal to--”
The section rewrites section 24(i) of the Internal Revenue Code of 1986 so that from a taxable year beginning after 2024 the $1,400 refundable amount rises by a cost of living adjustment under section 1(f)(3) measured from 2017, and from a taxable year beginning after 2025 the $2,200 credit amount rises by the same kind of adjustment measured from 2024. An increase that is not a multiple of $100 is rounded down to the next lowest multiple of $100.
What the document actually says
“In the case of a taxable year beginning after 2025, the $2,200 amount in subsection (h)(2) shall be increased by an amount equal to--”
That sentence, in plain words
From a tax year that begins after 2025 the $2,200 grows. The rise is worked out as set out below.
What this is about
It follows a cost of living measure in the tax code. The refundable part grows in the same way. Any rise is rounded down to the nearest $100.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70104, 139 Stat. 160 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The credit and its refundable part rise with prices,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70104, Sec. 70104. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70104-inflation/ (retrieved October 10, 2026).
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