What does Preamble of Supporting Newborn Parents Act of 2026 do?

This bill aims to amend the Internal Revenue Code of 1986 The amendment establishes the newborn tax credit The bill has other purposes beyond the newborn tax credit

What does SHORT TITLE. of Supporting Newborn Parents Act of 2026 do?

This bill is formally titled the Supporting Newborn Parents Act of 2026.

What does NEWBORN TAX CREDIT. of Supporting Newborn Parents Act of 2026 do?

This section introduces a Newborn Tax Credit of $2,000 for each qualifying child born during the taxable year. The credit amount is reduced by $50 for every $1,000 by which the modified adjusted gross income exceeds the threshold amount. The credit is limited to 20 percent of the taxpayer's earned income for the applicable taxable year. Taxpayers can elect to receive an advance payment of the credit within 6 weeks of the child's birth. The advance payment is reconciled with the actual credit allowed when the taxpayer files their tax return.

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Supporting Newborn Parents Act of 2026

Last updated: 5/13/2026 · Introduced: 5/13/2026

Author: David Valadao (R-CA)

TL;DR (AI)

This bill establishes a $2,000 Newborn Tax Credit for each qualifying child born during a taxable year.
The credit amount is reduced based on modified adjusted gross income and is capped at 20% of the taxpayer's earned income.
Eligible taxpayers can elect to receive an advance payment of the credit within six weeks of the child's birth, reconciled upon filing their tax return.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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