What does Preamble of Tariff Refunds for Working Families Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The stated purpose is to provide rebates to individuals. The rebates would be funded through tariff proceeds.

What does SHORT TITLE, ETC. of Tariff Refunds for Working Families Act do?

This Act is titled the Tariff Refunds for Working Families Act The policy is to use revenue from unlawful tariffs for tax rebates Refunds are derived from revenues raised from unlawful tariffs

What does WORKING FAMILIES REFUND. of Tariff Refunds for Working Families Act do?

This section amends the Internal Revenue Code of 1986 to add a new section, SEC. 6428C, which provides a Working Families Refund credit. The credit is allowed against tax imposed by subtitle A for the first taxable year beginning in 2026, with amounts of $600 (or $1,200 for joint returns) plus $600 per qualifying child. The credit is subject to adjusted gross income limitations, with no credit allowed for taxpayers with incomes exceeding $180,000 (joint), $120,000 (head of household), or $90,000 (single). Advance refunds of the credit are available, with the Secretary of the Treasury to refund or credit overpayments as rapidly as possible, and no interest is allowed on overpayments. The section also includes provisions for coordination with advance refunds, identification number requirements, and regulations to carry out the purposes of the section.

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Tariff Refunds for Working Families Act

Last updated: 3/12/2026 · Introduced: 3/12/2026

Author: Martin Heinrich (D-NM)

TL;DR (AI)

The bill establishes a Working Families Refund credit, providing up to $1,200 for joint filers and $600 per qualifying child, starting in 2026.
This refundable tax credit is available to individuals and families with adjusted gross incomes below $180,000 (joint), $120,000 (head of household), or $90,000 (single).
The credit will be funded by revenues collected from unlawful tariffs, and taxpayers may receive advance refunds of the credit.

119th Congressin committeeS. 2475(In Committee)Official page

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