H.R. 9031In committeeJobs & the economy
Monthly $500 tax credit for adults 18–24 proposed starting in 2027
Data as of July 11, 2026
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.60-second read · 5 questions answered below
Decoded
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
What does it cost, and who pays?
- $500 per month per eligible person
- Inflation adjustments over time
- Federal funds sent to U.S. territories
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Young Adult Tax Credit Act
- Introduced:
- May 26, 2026
- Latest action:
- May 26, 2026
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.