To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6634 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6634 To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 11, 2025 Mr. Fields introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. ESTABLISHMENT OF REFUNDABLE CHILDHOOD EDUCATION TAX CREDIT WITH MONTHLY ADVANCE PAYMENTS. (a) In General.--Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 24 the following new section: ``SEC. 24A. MONTHLY CHILDHOOD EDUCATION TAX CREDIT. ``(a) Allowance of Credit.--There shall be allowed as a credit against the tax imposed by this chapter for the taxable year the sum of the monthly childhood education allowances determined with respect to the taxpayer under subsection (b) for each calendar month during such taxable year. ``(b) Monthly Childhood Education Allowance.-- ``(1) In general.--For purposes of this section, the term `monthly childhood education allowance' means, with respect to any taxpayer for any calendar month, an amount equal to $667 for each specified child of such taxpayer. ``(2) Limitation based on household income.-- ``(A) In general.--The dollar amount under paragraph (1) with respect to any taxpayer for any calendar month shall be reduced (but not below zero) by an amount which bears the same ratio to such dollar amount (determined without regar