Young Adult Tax Credit Act

What This Bill Does

This bill would create a refundable tax credit for young adults and allow the credit to be paid out in monthly advance installments. It is designed to put cash in the hands of eligible younger taxpayers throughout the year rather than only at tax time.

For ordinary Americans, the bill could mean more predictable monthly income support for young adults who are working, studying, or starting out financially. Because it is refundable, the credit could help even people with little or no income tax liability, which may make it especially relevant for lower- and moderate-income young adults.

Who This Bill Affects

If enacted, this would most directly benefit young adults who qualify for the credit by reducing their tax burden and providing monthly cash-flow support. For the general public, it could modestly increase federal spending or reduce revenues, depending on the credit’s size and eligibility rules.

Latest Status

May 26, 2026

Referred to the House Committee on Ways and Means.