Budget & Taxes (Tax Credits)

in committee · United States · House Jan 7, 2026

HR 6965: IMPROVE Safety for Schools Act

The IMPROVE Safety for Schools Act requires schools receiving federal funding to provide parents with information about gun safety devices and their purchase. It creates a tax credit of up to $300 for purchasing firearm safety devices (secure gun storage), with income limitations that reduce the credit for higher earners. The bill also prohibits disclosure of tax return information related to this credit to federal agencies. Additionally, it includes provisions for de-escalation training for school staff and school safety specialist positions at schools. This bill directly affects local educational agencies, parents of schoolchildren, and taxpayers who purchase firearm safety devices.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $300 tax credit for gun safety devices with income limits, providing tax relief for middle/lower income families.95% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · House May 8, 2025

HR 3308: RETAIN Act

The RETAIN Act creates a refundable tax credit for early childhood educators, teachers, school leaders, and mental health providers working in high-need schools or early childhood programs. The credit pays $5,800 to $11,600 annually based on continuous years of service (e.g., $5,800 for years 1-2, $11,600 for year 10), increasing with experience to address low pay and retention challenges. It directly affects educators in public elementary/secondary schools serving high-poverty communities and early childhood programs meeting specific quality standards. The credit supplements existing pay but cannot reduce state/local compensation or loan forgiveness programs for eligible workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($5,800-$11,600) to educators/mental health workers in high-need schools, offering tax relief to middle-income public service workers while funding retention programs.90% confidence ✓ EducationSupports EducationProvides refundable tax credits ($5,800-$11,600) for educators in high-need schools to address low pay and retention challenges, directly supporting teachers and schools serving high-poverty communities.95% confidence ✓ HealthcareSupports HealthcareDirectly provides tax credits to mental health providers in high-need schools, improving retention and access to mental health services per bill's explicit focus on mental health providers.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides refundable tax credit ($5,800-$11,600 annually) to address low pay and retention for educators in high-need schools, directly strengthening wages and workforce stability.92% confidence

Sub-Topics Tax Credits Early Childhood Student Financial Aid Teachers Mental Health

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in committee · United States · House Apr 9, 2025

HR 2764: Tax Cut for Workers Act of 2025

This bill expands the Earned Income Tax Credit (EITC) for low-income workers by lowering the minimum age to claim the credit from 25 to 19 (with exceptions for students, former foster youth, and homeless youth), removing the maximum age limit of 65, and doubling the credit percentage from 7.65% to 15.3%. It also increases the income thresholds for eligibility, raising the phaseout starting point from $4,220 to $9,820 for single filers and $5,280 to $11,610 for joint returns. The credit amounts and income limits will now adjust annually for inflation using specific Consumer Price Index (CPI) benchmarks. Additionally, taxpayers can elect to use their prior year’s earned income to calculate the credit if it was higher than the current year’s, effective for 2026 tax returns.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands EITC for low-income workers by lowering age limits, removing age caps, doubling credit percentage, and raising income thresholds, providing direct tax relief to target demographic.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands EITC for low-income workers by lowering age limits, removing maximum age, doubling credit percentage, and increasing income thresholds, directly increasing worker benefits and income.90% confidence

Sub-Topics Income Tax Tax Credits Child Labor Minimum Wage

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in committee · United States · House Sep 2, 2025

HR 5099: SAFES Act

The SAFES Act creates a federal tax credit allowing individuals to deduct 90% of the cost of purchasing new gun safes, with a yearly limit of $500 ($1,000 for joint returns). It requires the Health and Human Services Secretary to publish a report within 5 years identifying gun safe types proven effective at preventing unauthorized access, which will determine eligibility for the credit after 2030. The credit applies only to new safes (not used ones) and prohibits requiring taxpayers to disclose firearm ownership details to claim the benefit. This policy directly affects individual firearm owners purchasing qualifying new safes for tax savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit for gun safe purchases, providing tax relief through deductible expenses and credit limits.95% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · Senate Sep 11, 2025

S 2790: Resilient Tire Supply and Jobs Act

This bill creates a federal tax credit for businesses purchasing retreaded tires made and bought in the U.S., offering up to $30 per tire (30% of cost, capped at $30) through 2028. It directly affects tire retreading businesses and companies buying tires for operations. Key provisions include requiring federal agencies to purchase retreaded tires instead of new ones when available on the GSA schedule, and mandating updates to federal procurement rules within one year of enactment. The credit expires for tires placed in service after December 31, 2028.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates federal tax credit (up to $30/tire) for U.S. tire retreading businesses, directly providing tax relief under Budget & Taxes policy area.95% confidence ✓ EnvironmentSupports EnvironmentPromotes tire retreading to reduce waste, conserve resources, and lower environmental impact of tire production.92% confidence ✓ TransportationSupports TransportationPromotes sustainable tire use via federal procurement rules and tax credit, aligning with sustainable transportation indicators in vehicle operations.85% confidence

Sub-Topics Procurement Tax Credits

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in committee · United States · Senate Dec 2, 2025

S 3295: A bill to amend the Internal Revenue Code of 1986 to establish a credit for adult child caregivers.

This bill creates a $2,000 annual tax credit for adult children who live with and provide care to aging relatives meeting specific criteria. To qualify, the caregiver must be at least 18 (or 16 if legally emancipated), live with the relative for 6+ months, and provide 10+ hours/week of care, verified by a healthcare provider. The care recipient must be age 55+, unable to perform 1 activity of daily living and 3 instrumental activities (like meal prep or managing finances) without substantial help, requiring care for at least 180 days. The credit phases out for single filers earning over $75,000 ($150,000 for joint filers) and cannot be claimed alongside the existing child care credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a $2,000 tax credit for caregivers, providing direct tax relief to qualifying individuals, aligning with tax relief policies under Budget & Taxes.95% confidence ✓ HealthcareSupports HealthcareBill creates tax credit for caregivers of elderly meeting healthcare-defined care needs (ADLs/IADLs), verified by healthcare providers, supporting family care access and reducing strain on formal healthcare systems.85% confidence

Sub-Topics Tax Credits Tags Seniors

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in committee · United States · Senate Apr 29, 2025

S 1515: Affordable Housing Credit Improvement Act of 2025

The Affordable Housing Credit Improvement Act of 2025 updates the Low-Income Housing Tax Credit program to increase affordability and accessibility for low-income households. It raises state allocation amounts through revised per capita calculations, modifies income eligibility rules to better serve extremely low-income households, and adds protections for domestic violence victims in housing. The bill expands "difficult development areas" to include rural areas and Indian lands, and changes the program's name from "Low-Income Housing Credit" to "Affordable Housing Credit" to better reflect its purpose. These changes aim to make affordable housing more accessible while improving transparency and accountability in the program's implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands Low-Income Housing Tax Credit program via increased state allocations and revised eligibility, directly funding affordable housing through tax incentives - aligns with supporting essential programs via fiscal policy.95% confidence ✓ HousingSupports HousingBill explicitly increases affordability via tax credit updates, expands protections for tenants/victims, targets low-income households, and broadens development areas to rural/Indian lands.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance Property Development

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in committee · United States · Senate Apr 8, 2025

S 1323: The Facilitating Increased Resilience, Environmental Weatherization And Lowered Liability (FIREWALL) Act

This bill creates a refundable tax credit for homeowners who make specific disaster-prevention improvements to their primary residence. It allows a 50% credit on qualified expenses (up to $25,000 per household) for work like reinforcing roofs, installing flood barriers, adding fire-resistant materials, or creating storm shelters, as defined by FEMA standards. The credit applies only to homes located in areas with recent federal disaster declarations for wildfires, hurricanes, floods, or windstorms. Expenses covered by government funds are excluded, and the credit becomes available for 2025 tax returns and later.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit (50% up to $25k) for disaster-prevention home improvements, directly reducing tax burden for qualifying homeowners as fiscal relief.95% confidence

Sub-Topics Tax Credits

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in committee · United States · House Aug 8, 2025

HR 4933: Research and Development Tax Credit Expansion Act of 2025

HR 4933, the Research and Development Tax Credit Expansion Act of 2025, expands tax benefits for small businesses conducting research. It increases the refundable R&D credit rate to 20% (from 14%) for qualified small businesses, adjusts credit amounts for inflation annually, and allows the credit to be refunded against unemployment taxes instead of just income taxes. The bill broadens eligibility by raising the gross receipts threshold from $5 million to $10 million for "qualified small businesses" and modifies rules for calculating credits in early years of research activity. These changes apply to taxable years beginning after December 31, 2025, directly affecting qualifying small businesses with under $25 million in annual revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands refundable R&D tax credit for small businesses, increasing rate to 20% and broadening eligibility, directly providing tax relief and incentivizing business investment.95% confidence ✓ TechnologySupports TechnologyExpands R&D tax credits for small businesses, directly funding technology innovation and development through increased refundable credits and broader eligibility.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Small Business

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in committee · United States · House Apr 10, 2025

HR 2833: Adoption Tax Credit Refundability Act of 2025

HR 2833 makes the federal adoption tax credit refundable, meaning qualifying adoptive parents can receive cash payments even if they owe no federal income tax. This directly affects low- and middle-income adoptive families who previously could only reduce their tax bill with the credit but couldn’t get cash back. The bill moves the credit from a non-refundable to a refundable status in the tax code and adds standardized verification forms for adoptions. It takes effect for tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes adoption tax credit refundable for low/middle-income families, providing direct cash payments instead of tax bill reduction, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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