American Family Act

The American Family Act would establish a refundable child tax credit with monthly advance payments, providing $300 per month for each child under age 6 and $360 per month (120% of $300) for each child aged 6 to 17, with higher payments for infants under 1 month. The credit phases out for higher-income taxpayers based on modified adjusted gross income, with initial threshold amounts of $150,000 for joint filers and $112,500 for others, and secondary thresholds of $400,000 and $300,000 respectively, both adjusted for inflation. The bill defines eligible children based on residency, age, care relationship, and citizenship or adoption status, and includes rules for determining which parent or…

No official summary is available here. This one was written by AI from the bill’s text.