Sec. 20121. Strengthening the earned income tax credit for individuals with no qualifying children
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Section 32 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: In the case of any taxable year beginning after December 31, 2019, and before January 1, 2021— Subsection (c)(1)(A)(ii)(II) shall be applied by substituting the applicable minimum age for age 25 . For purposes of this paragraph, the term applicable minimum age means— except as otherwise provided in this subparagraph, age 19, in the case of a full-time student (other than a qualified former foster youth or a qualified homeless youth), age 25, and in the case of a qualified former foster youth or a qualified homeless youth, age 18.
For purposes of this paragraph, the term full-time student means, with respect to any taxable year, an individual who is an eligible student (as defined in section 25A(b)(3)) during at least 5 calendar months during the taxable year. For purposes of this paragraph, the term qualified former foster youth means an individual who— on or after the date that such individual attained age 14, was in foster care provided under the supervision or administration of a State or tribal agency administering (or eligible to administer) a plan under part B or part E of the Social Security Act (without regard to whether Federal assistance was provided with respect to such child under such part E), and provides (in such manner as the Secretary may provide) consent for State and tribal agencies which administer a plan under part B or part E of the Social Security Act to disclose to the Secretary information related to the status of such individual as a qualified former foster youth.
For purposes of this paragraph, the term qualified homeless youth means, with respect to any taxable year, an individual who— is certified by a local educational agency or a financial aid administrator during such taxable year as being either an unaccompanied youth who is a homeless child or youth, or as unaccompanied, at risk of homelessness, and self-supporting. Terms used in the preceding sentence which are also used in section 480(d)(1) of the Higher Education Act of 1965 shall have the same meaning as when used in such section, and provides (in such manner as the Secretary may provide) consent for local educational agencies and financial aid administrators to disclose to the Secretary information related to the status of such individual as a qualified homeless youth.
Subsection (c)(1)(A)(ii)(II) shall be applied by substituting age 66 for age 65 . The table contained in subsection (b)(1) shall be applied by substituting 15.3 for 7.65 each place it appears therein. The table contained in subsection (b)(2)(A) shall be applied— by substituting $9,720 for $4,220 , and by substituting $11,490 for $5,280 . Subsection
(j)shall not apply to any dollar amount specified in this paragraph. . As soon as practicable, the Secretary of the Treasury (or the Secretary’s delegate) shall develop and implement procedures to use information returns under section 6050S (relating to returns relating to higher education tuition and related expenses) to check the status of individuals as full-time students for purposes of section 32(n)(1)(B)(ii) of the Internal Revenue Code of 1986 (as added by this section). The amendment made by this section shall apply to taxable years beginning after December 31, 2019.