The changes start with tax years ending after December 31, 2026
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70411, Sec. 70411.
Written by .
The changes start with tax years ending after December 31, 2026
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70411 in the PDF
What the document says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to taxable years ending after December 31, 2026.”
The section applies its amendments to taxable years ending after December 31, 2026, and applies the exclusion from gross income to amounts received after that date in taxable years ending after it.
What the document actually says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to taxable years ending after December 31, 2026.”
That sentence, in plain words
The changes start with tax years that end after December 31, 2026. Some parts are treated apart.
What this is about
The income break turns on when the money is received. It must come after the same date. Both dates are fixed in the law.
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. 70411, 139 Stat. 215 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The changes start with tax years ending after December 31, 2026,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70411, Sec. 70411. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70411-effective-dates/ (retrieved October 10, 2026).
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