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H.R. 9031119th CongressIn committeeLatest action May 26, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 9031 would give eligible U.S. adults ages 18–24 a $500 monthly tax credit beginning in 2027, paid electronically and protected from debt seizure.
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HR 9031 would create a monthly federal tax credit of $500 for eligible adults between the ages of 18 and 24, beginning in 2027. Recipients could choose monthly payments or a single annual lump sum, with the amount adjusted over time for inflation. Payments would be made electronically and could not be seized by debt collectors or garnished by courts.
Eligible individuals must be U.S. citizens, nationals, or residents between 18 and 24 years old who file their own taxes and are not claimed as a dependent. If a parent or guardian claims an 18-to-24-year-old as a dependent, the parent receives the credit instead.
Young adults who do not typically file taxes or hold bank accounts may still access the credit through an IRS online portal available in multiple languages and on mobile phones. U.S. territories including Puerto Rico and American Samoa are included, with federal funds sent to those governments for local distribution.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.