All-Americans Tax Relief Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2927 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2927 To amend the Internal Revenue Code of 1986 to increase the earned income tax credit, child tax credit, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 17, 2025 Mrs. Cherfilus-McCormick (for herself, Mrs. McIver, Mr. Johnson of Georgia, and Ms. Tlaib) 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 increase the earned income tax credit, child tax credit, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; REFERENCES; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``All-Americans Tax Relief Act of 2025''. (b) References.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; references; table of contents. Sec. 2. Expansion of earned income tax credit. Sec. 3. Child tax credit made fully refundable. Sec. 4. Medical expenses deduction expanded and allowed to non- itemizers. Sec. 5. Deduction for daycare expenses. Sec. 6. Commuting expense deduction. Sec. 7. Tutoring expenses deduction. Sec. 8. Exclusion of interest payments on credit card debt. Sec. 9. Rent deduction for primary residence. Sec. 10. Exclusion of discharge of indebtedness. Sec. 11. Increase in capital gains rate. SEC. 2. EXPANSION OF EARNED INCOME TAX CREDIT