Create a universal $500 monthly tax credit, indexed to inflation, for every 18- to 24-year-old in the United States.

introduced the Young Adult Tax Credit Act, a bill to create a universal $500 monthly tax credit, indexed to inflation, for every 18- to 24-year old in the United States

McGarvey co-introduced legislation to establish a universal monthly tax credit for young adults, with inflation indexing.

Reps. McGarvey, Casar, and Watson Coleman Introduce Young Adult Tax Credit Act | Congressman Morgan McGarvey of Kentucky's 3rd District
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IRS guidance for tax year 2025 says the Child Tax Credit applies to qualifying children generally under age 17, is worth up to $2,200 per qualifying child, and the Credit for Other Dependents is a nonrefundable credit with a maximum of $500 per dependent.

Current IRS implementation does not provide a universal $500 monthly refundable or advanceable credit for every 18- to 24-year-old; the closest $500 credit is annual, nonrefundable, and limited to claimed dependents.

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Child Tax Credit | Internal Revenue Service
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IRS lists individual credits taxpayers can claim, including Earned Income Tax Credit, credits for children or other dependents, adoption, childcare or dependent care, education, retirement savings, clean vehicles or home energy, premium tax credit, and certain less common credits.

The current IRS individual-credit page has no federal universal monthly tax credit for all 18- to 24-year-olds, supporting non-fulfillment as of July 2, 2026.

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Credits and deductions for individuals | Internal Revenue Service
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Congress.gov records H.R. 1 as Public Law No. 119-21. Its tax summary includes permanent individual tax-rate provisions, a $2,200 child tax credit adjusted for inflation, a $500 nonrefundable credit for other dependents, deductions for tips/overtime/vehicle interest, and Trump accounts for people under 18 with a one-time federal deposit for certain newborns.

The major enacted federal tax package during McGarvey's later House service changed several tax credits and deductions but did not create the promised universal $500 monthly credit for 18- to 24-year-olds.

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H.R.1 - 119th Congress (2025-2026): An act to provide for reconciliation pursuant to title II of H. Con. Res. 14. | Congress.gov
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The Clerk records Roll Call 190 on H.R. 1, the One Big Beautiful Bill Act, as passed 218-214 on July 3, 2025; Morgan McGarvey, Democrat of Kentucky, voted No.

McGarvey did not vote for the enacted 2025 tax reconciliation bill, and the vote itself was not an affirmative legislative action to create the promised young-adult credit.

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Roll Call 190 | Bill Number: H. R. 1 | Office of the Clerk, U.S. House of Representatives
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Congress.gov identifies Morgan McGarvey as a Democratic representative for Kentucky's 3rd District in the 118th-119th Congresses, serving from 2023 to present, and lists his member activity, including sponsored and cosponsored legislation.

This establishes the relevant federal service window for judging the promise; no cited official record found an enacted McGarvey-sponsored or cosponsored measure creating the specified $500 monthly 18-24 tax credit.

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Representative Morgan McGarvey | Congress.gov | Library of Congress
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