119-HR2898
EITC Lookback Act
Last action was on 4-10-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2898
1. Short title2. Earned income credit lookback1. Short title
This Act may be cited as the "EITC Lookback Act".
2. Earned income credit lookback
(a) In general - Section 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
(o) Lookback - If the earned income of the taxpayer for the taxable year is less than the earned income of the taxpayer for the preceding taxable year, the credit allowed under subsection (a) may, at the election of the taxpayer, be determined by substituting—
(1) - such earned income for the preceding taxable year, for
(2) - such earned income for the taxable year.
(b) Effective date - The amendment made by this section shall apply to determinations made with respect to taxable years beginning after December 31, 2024.