To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments.

TL;DR (AI)

• The bill establishes a refundable childhood education tax credit of $667 per month for each eligible child between 2 and 5 years old, reduced based on household income above 300% of the poverty line.
• The credit is subject to inflation adjustments starting after December 31, 2025, and is available for children receiving care from the taxpayer and enrolled in an early childhood education program.
• The bill provides for monthly advance payments related to the tax credit, allowing eligible taxpayers to receive financial support on a regular basis.