To amend the Internal Revenue Code of 1986 to establish a refundable...
To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments.
This bill proposes to amend the Internal Revenue Code to create a new tax credit specifically for childhood education. The credit would be refundable, meaning if it exceeds the taxes owed, the difference would be paid out to the taxpayer. It would also offer monthly advance payments to help families with the upfront costs of education.
The bill would primarily affect families with young children, especially those who are low to middle income. By providing a tax credit and advance payments, the bill aims to make education more affordable and accessible for these families. This could encourage more parents to invest in their children's education early on.
HB6634 was introduced on December 11, 2025, and referred to the House Committee on Ways and Means the same day. This is the first step in the legislative process, and the bill is currently under review by the committee.
