Sec. 401. Increase in credit percentage under earned income tax credit for eligible individuals with no qualifying children
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The row in the table in section 32(b)(1) of the Internal Revenue Code of 1986 relating to no qualifying children is amended to read as follows: No qualifying children 20 7.65 . The table in section 32(b)(2)(A) of such Code is amended by striking $5,280 and inserting $11,500 . Section 32(c)(1)(A)(ii)(II) of such Code is amended— by striking age 25 and inserting age 21 ; and by striking age 65 and inserting age 68 . Section 32(c)(1)(F) of such Code is amended to read as follows: In the case of any eligible individual who has one or more qualifying children, if— no qualifying child of such individual is taken into account under subsection
(b)by reason of paragraph (3)(D), and no child of such individual is taken into account for purposes of any other child tax benefit under this chapter, for purposes of the credit allowed under this section, such individual may be considered an eligible individual without a qualifying child. . Section 32(c)(1) of such Code, as amended by subsection (e), is amended by adding at the end the following: For purposes of subparagraph (A), the term eligible individual shall include an individual who is a qualified foster youth. For purposes of clause (i), the term qualified foster youth means an individual who— has attained age 18 but not attained age 21 before the close of the taxable year, and on or after attaining the age of 14 was placed in a foster family home by an agency of a State or a political subdivision thereof or by a qualified foster care placement agency (as defined by section 131(b)(3)). . The amendments made by this section shall apply to taxable years beginning after December 31, 2017.