HR2927-119

Introduced

To amend the Internal Revenue Code of 1986 to increase the earned income tax credit, child tax credit, and for other purposes.

119th Congress Introduced Apr 17, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The All-Americans Tax Relief Act of 2025 significantly expands tax benefits for working and middle-income families. It increases the earned income tax credit (EITC) percentages and amounts, makes the $2,000 child tax credit fully refundable, and creates new above-the-line deductions for medical expenses, daycare for children under 7, public transit commuting, tutoring for students at Title I schools, and up to $2,500 in credit card interest.

Who Benefits and How

Low and moderate-income workers receive larger EITC credits (38-45% credit rates) and expanded earned income amounts. Families with children get a fully refundable child tax credit of $2,000 for up to 3 children plus $500 for additional children. Parents can deduct daycare and tutoring expenses without itemizing. Workers using public transit can deduct commuting costs. U.S. territories (Puerto Rico, American Samoa) receive Treasury payments. Tips and overtime may be excluded from taxable income.

Who Bears the Burden and How

The Treasury faces reduced revenue from expanded credits and new deductions. IRS must administer new deduction categories with verification requirements. The Secretary must issue regulations for commuting expense verification and tutoring expense definitions.

Key Provisions

  • Increases EITC credit percentages to 38-45% with expanded earned income and phaseout amounts
  • Makes child tax credit fully refundable: $2,000 for first 3 children, $500 additional
  • Creates above-the-line deductions for medical expenses, daycare, commuting, tutoring, credit card interest
  • All new provisions indexed to inflation after 2025/2027
  • Applies to taxable years beginning after December 31, 2026

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Expands tax relief for working families by increasing the earned income tax credit, making the child tax credit fully refundable, creating new above-the-line deductions for medical expenses, daycare, commuting, tutoring, and credit card interest, and excluding tips and overtime from income.

Key Policy Areas

Taxation, Family Policy, Labor, Healthcare Costs

Primary Purpose

Expands tax relief for working families by increasing the earned income tax credit, making the child tax credit fully refundable, creating new above-the-line deductions for medical expenses, daycare, commuting, tutoring, and credit card interest, and excluding tips and overtime from income.

Policy Domains

Taxation Family Policy Labor Healthcare Costs

Main Bill - Tax Relief Provisions

Identified Gains
Contextual inference, no direct clause citation
  • Low and moderate-income working families
  • Families with children
  • Public transit commuters
  • Parents with daycare expenses
  • U.S. Territory residents
Model: N/A | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Treasury (reduced revenue)
  • IRS (administration)
Model: N/A | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Legislative Progress

Introduced
Introduced Committee Passed
Apr 17, 2025

Mrs. Cherfilus-McCormick (for herself, Mrs. McIver, Mr. Johnson of Georgia, …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

General Public
22 mentions across 17 clauses
+20 positive -1 negative ?1 uncertain

Credit card holders paying interest, Families with 1-3 qualifying children under age 17, Families with more than 3 children

Positive-direction: Credit card holders paying interest, Families with 1-3 qualifying children under age 17, Families with more than 3 children, Families with qualifying children, Individuals with credit card debt, Individuals with forgiven or discharged debt, Individuals with significant medical expenses, Low and moderate-income renters, Low-income workers with 1 qualifying child, Low-income workers with 2+ qualifying children, Low-income workers without children (singles and joint filers), Non-itemizing taxpayers with medical costs, Parents of students at Title I/charter schools, Parents paying daycare tuition, Parents paying for tutoring at Title I schools, Parents with children under 7 in daycare, Public transit commuters under income thresholds, Puerto Rico residents, Renters under income thresholds, Workers commuting by public transit

Negative-direction: High-income investors subject to 20% capital gains rate

Government
6 mentions across 5 clauses
+3 positive -3 negative

American Samoa, Treasury (increased revenue), Treasury (reduced revenue)

Positive-direction: American Samoa, Treasury (increased revenue), U.S. Territories with mirror code tax systems

Negative-direction: Treasury (reduced revenue), Treasury (refundable credit payments), Treasury/IRS (regulation and verification)

Education
2 mentions across 1 clause
+2 positive

Students at Title I and charter schools, Tutoring service providers

Healthcare
1 mention across 1 clause
+1 positive

Healthcare providers

Childcare
1 mention across 1 clause
+1 positive

Licensed childcare providers and institutions

Transportation
1 mention across 1 clause
+1 positive

Public transit agencies

Financial Services
1 mention across 1 clause
+1 positive

Creditors offering debt forgiveness

17/17
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Taxation Family Policy
Actor Mappings
"the_secretary"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

5 terms
"earned income amount" §2a

$15,000 for 1 child, $20,000 for 2+ children, $10,000 joint/$8,500 other for no children

"qualifying child" §3a

Qualifying child under section 152(c) who has not attained age 17 and is a citizen or resident

"qualified daycare expenses" §5a

Tuition for dependent under age 7 to attend a childcare institution per 45 CFR 1355.20

"qualified commuting expenses" §6a

Amounts paid for public transit between principal residence and workplace (20+ hours/week)

"qualified tutoring expenses" §7a

Tutoring for dependents at public Title I schools or charter schools, up to $2,500

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology