Working Parents Tax Relief Act of 2026

TL;DR (AI)

• The bill increases the Earned Income Tax Credit (EITC) for parents of young children, with larger increases for those with one child under age 4 and smaller increases for each of the youngest three children under age 4 with two or more children.
• The bill raises the phaseout percentage for the EITC for parents with the youngest three qualifying children under age 4.
• Eligible taxpayers can elect to receive their EITC refund in monthly payments instead of a lump sum.