119-HR2898

EITC Lookback Act

Last action was on 4-10-2025

Bill is currently in: House
Path to Law
House Senate President

Current status is Referred to the House Committee on Ways and Means.

View Official Bill Information at congress.gov

No users have voted for/against support on this bill yet. Be the first!


119th CONGRESS

1st Session

H. R. 2898

1. Short title
2. Earned income credit lookback

1. 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.