Bill

HR 2972

EITC for Older Workers Act of 2025

119th Congress Introduced by Mike Carey and 2 co-sponsors

The EITC for Older Workers Act expands tax credits for those 65+, boosting financial support and encouraging continued workforce participation among older individuals.

Introduced in House

WeVote Research Nonpartisan

Bill Summary · HR 2972

Summary of HR 2972: EITC for Older Workers Act of 2025

Purpose and Intent

The EITC for Older Workers Act of 2025 aims to expand the Earned Income Tax Credit (EITC) to benefit older workers, particularly those aged 65 and older. The bill seeks to provide financial support to this demographic, recognizing the challenges they face in the workforce and the importance of encouraging continued employment among older individuals.

Key Provisions

Expansion of EITC Eligibility: The bill proposes to modify the existing EITC framework to include older workers, allowing individuals aged 65 and older to qualify for the credit.
Increased Credit Amount: The legislation may include provisions to increase the maximum EITC amount available to older workers, thereby enhancing their financial security.
Income Threshold Adjustments: The bill could adjust income thresholds for older workers to ensure that more individuals within this age group can benefit from the EITC.

Who Would Be Affected

Older Workers: The primary beneficiaries of this bill would be individuals aged 65 and older who are still participating in the labor force. This includes retirees who may be working part-time or full-time to supplement their income.
Employers: Businesses that employ older workers may also be indirectly affected, as the expanded EITC could incentivize hiring and retaining older employees.

Legislative Process and Timeline

Introduced: The bill was introduced in the House on April 21, 2025.
Referred to Committee: On the same day, it was referred to the House Committee on Ways and Means for further consideration.

Conclusion

The EITC for Older Workers Act of 2025 represents a significant step towards supporting older individuals in the workforce by enhancing their financial stability through the EITC. As the bill progresses through the legislative process, it will be important to monitor its developments and potential impacts on older workers and the broader economy.

Compiled from official sources — confirm details with the bill’s official record.