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H.R. 7929

To amend the Internal Revenue Code of 1986 to provide for additional recovery rebates to taxpayers.

This bill allows individual taxpayers a 2022 refundable rebate amount equal to $12,000 ($24,000 for joint returns). The rebate amount is reduced if taxpayer modified adjusted gross income exceeds a certain threshold.

To be eligible for the rebate, taxpayers must provide a Social Security account number on their tax returns. Rebate amounts are exempt from certain reductions or offsets, including garnishments.

Referred to the House Committee on Ways and Means.

Rep. Cherfilus-McCormick, Sheila [D-FL-20](D-FL)Sponsor
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To amend the Internal Revenue Code of 1986 to provide for additional recovery rebates to t… — Informed