Budget & Taxes (Tax Credits)

in committee · United States · House Jul 14, 2026

HR 9555: Home Mortgage Interest Credit Act of 2026

This bill creates a new tax credit for homeowners who pay interest on loans used to buy, build, or improve their primary residences. The credit allows taxpayers to directly reduce their federal income tax liability by up to $2,000 annually, or $1,000 for married individuals filing separately, provided their modified adjusted gross income does not exceed specific thresholds that vary by filing status. The amount of the credit is reduced by $20 for every $1,000 that a taxpayer's income exceeds these limits, and the provision includes an automatic inflation adjustment mechanism starting in 2028. This legislation applies to taxable years beginning after December 31, 2026, and excludes nonresident aliens from claiming the benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit for homeowners, offering direct tax relief and reducing federal income tax liability for eligible taxpayers.85% confidence ✓ HousingSupports HousingBill provides tax credits to homeowners for mortgage interest, financially supporting housing ownership and development.85% confidence

Sub-Topics Income Tax Tax Credits Mortgages

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in committee · United States · Senate Jun 24, 2026

S 4918: Right Start Child Care and Education Act of 2026

The Right Start Child Care and Education Act of 2026 creates a new federal tax credit to support individuals working in licensed child care facilities. This credit provides up to $4,500 annually for workers with a bachelor's degree in early childhood education or related fields, $3,000 for those with an associate's degree, and $1,500 for other eligible providers. To qualify, workers must perform at least 1,200 hours of child care services per year at a licensed facility that is not primarily their home, and the bill limits the credit to a maximum of three consecutive years per individual. The legislation applies to tax years beginning after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new federal tax credit to support child care workers, directly advancing fiscal incentives for public service.90% confidence ✓ EducationSupports EducationBill creates a federal tax credit to financially reward and retain early childhood education workers, directly supporting educators and improving access to quality care.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides federal tax credits to child care workers based on education and hours worked, directly increasing compensation and supporting the workforce.85% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jul 14, 2026

HR 9554: Senior Accessible Housing Tax Credit Act of 2026

The Senior Accessible Housing Tax Credit Act of 2026 creates a new tax credit for individuals aged 60 or older to help cover the costs of home modifications that improve accessibility and safety. This credit allows eligible taxpayers to claim up to $10,000 for expenses related to installing features such as wheelchair ramps, widening doorways, adding grab bars, and replacing bathroom fixtures. The amount of the credit is reduced based on the taxpayer's income, with the full benefit available to those earning less than $100,000 annually, and the law also authorizes $500 million in federal grants to the Department of Housing and Urban Development to fund additional home modification projects for older adults from 2027 through 2031.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit to reduce financial burden on seniors for home modifications, providing tax relief.90% confidence ✓ HousingSupports HousingBill creates a tax credit to fund home modifications for seniors, directly supporting accessible housing and improving housing safety.95% confidence

Sub-Topics Tax Credits Affordable Housing Property Development

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in committee · United States · House Jun 18, 2026

HR 9378: Grocery Affordability Act

The Grocery Affordability Act creates a new tax credit to encourage the opening and renovation of grocery stores in designated food deserts. This credit allows eligible businesses to claim up to $500,000, calculated as 30 percent of the store's basis or renovation costs, provided the location meets specific criteria regarding distance from existing stores and poverty levels. To qualify, a grocery store must sell at least 35 percent of its goods in fresh produce, meat, dairy, and baked items, while a food desert is defined as an area where many residents live more than one or ten miles away from such a store depending on whether it is in a metropolitan area. The bill applies to taxable years beginning after December 31, 2026, and requires the Treasury Secretary to work with the Department of Agriculture to determine which areas qualify for the credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit to encourage grocery store openings in food deserts, providing financial relief to businesses and promoting access to essential services.85% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · United States · House Jun 24, 2026

HR 9438: SKILL Act

The SKILL Act creates a new tax credit for employers who partner with public colleges and community colleges to develop short-term training programs lasting two years or less. To qualify, employers must be certified by their state agency for contributing to these programs through activities like co-designing curricula, offering apprenticeships, or donating equipment. The credit allows eligible businesses to claim up to $2,500 per student who earns a credential or is hired full-time after completing the program, with a total national spending cap of $500 million per year from 2027 to 2031. State agencies will distribute the available funds to employers on a competitive basis, and the law takes effect for tax years ending after December 31, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for employers partnering with colleges, providing fiscal relief to businesses and encouraging workforce development.85% confidence ✓ EducationSupports EducationThe bill creates tax credits to incentivize employer partnerships in short-term training, expanding educational access and workforce development opportunities.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits for employer training programs, enhancing workforce skills and employment opportunities.90% confidence

Sub-Topics Government Spending Tax Credits Tax Incentives Career & Technical Education Apprenticeships Workforce Development

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in committee · United States · House Jun 23, 2026

HR 9407: SPIRIT Act

The SPIRIT Act creates a new tax credit for small distilleries that use at least 90% of their ingredients from domestic sources. To qualify for a $2.35 reduction per proof gallon in their taxes, a distiller must produce no more than 100,000 proof gallons annually and ensure their production is primarily based on U.S.-harvested materials. The law also includes a recapture provision that requires distilleries to pay back the credit if they are found to be ineligible after receiving it. These financial incentives are designed to support smaller producers who rely on American agricultural ingredients, and the changes will take effect for spirits produced after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for small distilleries using domestic ingredients, providing fiscal relief and promoting domestic sourcing.75% confidence

Sub-Topics Tax Credits

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in committee · United States · House Jun 24, 2026

HR 9426: Affordable Youth Enrichment Opportunities Act

The Affordable Youth Enrichment Opportunities Act creates a new tax deduction allowing individuals to claim up to $5,000 for expenses related to youth programs for dependents under age 19. These eligible programs include tutoring, academic enrichment, athletics, and the arts, covering costs such as fees, equipment, and digital platform access. The deduction is subject to income limits, phasing out for taxpayers with modified adjusted gross income exceeding $100,000 to $200,000 depending on filing status, and cannot be claimed if the dependent is already claimed by another taxpayer. The provision applies to taxable years beginning after December 31, 2026, with the dollar amounts subject to inflation adjustments after 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new tax deduction for youth program expenses, providing tax relief and encouraging investment in essential services.90% confidence ✓ EducationSupports EducationBill provides tax deductions for youth educational expenses like tutoring and enrichment, expanding access and funding for student programs.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · United States · House May 14, 2026

HRES 1292: To acknowledge the Black Women Best framework to empower and improve life for all through guaranteed income, expanding child and income tax credit, increasing access to equitable health care and government assistance, prohibiting policing in schools, and prioritizing restorative justice.

This resolution formally acknowledges the Black Women Best framework, a policy blueprint designed to address historical economic disparities faced by Black women in the United States. It highlights specific strategies such as implementing guaranteed income, expanding tax credits, improving healthcare access, removing police from schools, and prioritizing restorative justice. The measure serves as a non-binding statement of support rather than a law that directly changes federal programs or mandates new actions. By recognizing this framework, the House encourages policymakers to use it as a guide for creating more equitable legislation that centers the lived experiences of Black women.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly supports expanding child and income tax credits and guaranteed income, which aligns with providing tax relief and funding essential social programs.85% confidence ✓ Criminal JusticeSupports Criminal JusticeBill explicitly supports restorative justice and prohibits policing in schools, key criminal justice reform measures.90% confidence ✓ EducationSupports EducationBill removes police from schools and prioritizes restorative justice, directly improving the educational environment and student safety.85% confidence ✓ HealthcareSupports HealthcareBill explicitly aims to improve healthcare access and equity through the Black Women Best framework.90% confidence

Sub-Topics Income Tax Tax Credits Policing

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in committee · United States · House Jun 11, 2026

HR 9289: Keep Public Funds in Public Schools Act of 2026

The Keep Public Funds in Public Schools Act of 2026 eliminates a federal tax credit that allowed parents to deduct contributions to scholarship granting organizations from their income. By removing these specific tax breaks, the bill prevents the use of public tax dollars to support private school vouchers and scholarship programs. This change directly affects families who currently rely on these tax incentives to fund education outside the public school system. The provisions take effect for taxable years beginning after December 31, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates a tax credit, restricting government spending on private school vouchers and reducing public funds allocated to education.95% confidence ✗ EducationOpposes EducationBill eliminates tax credits funding private school vouchers, restricting public funds for private education.95% confidence

Sub-Topics Tax Credits School Choice School Funding Student Financial Aid

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in committee · United States · House Jun 11, 2026

HR 9267: Transit Oriented Development Act of 2026

This bill creates a new tax incentive to encourage the construction and renovation of affordable housing near public transportation hubs. It directly affects developers and investors by increasing the Low-Income Housing Tax Credit for buildings located within half a mile of rail, bus, harbor, or waterway stations in high-density zones. The credit amount is boosted to 150% of the standard value, rising to 155% for projects in Hawaii, Alaska, or U.S. territories, with limits on how many areas can be designated in each region. Additionally, the bill requires the Department of Housing and Urban Development to study geographic cost-of-living differences and propose changes to how tax credit funds are distributed among states.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax incentive by increasing the Low-Income Housing Tax Credit, directly advancing tax policy to fund affordable housing near transit.90% confidence ✓ HousingSupports HousingBill creates tax incentives to encourage affordable housing construction near transit hubs, directly advancing housing development.95% confidence ✓ TransportationSupports TransportationBill creates tax incentives to encourage construction near public transit hubs, directly supporting transportation infrastructure and sustainable development.90% confidence

Sub-Topics Tax Credits Tax Incentives Affordable Housing Historic Preservation Housing Finance Ports Public Transit Rail

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