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Internal Revenue Code of 1986

The primary body of federal tax laws in the United States.

Tax Credit

A direct reduction in the amount of tax owed, which can result in a refund if the credit amount exceeds the tax liability.

Tariff

A tax imposed by a government on goods and services imported from other countries.

Nonresident Alien

An individual who is not a U.S. citizen or U.S. national and does not meet the green card test or the substantial presence test for the calendar year.

Dependent

A qualifying child or qualifying relative for whom a taxpayer can claim a deduction on their tax return.

Estate or Trust

Legal entities that hold assets; an estate typically manages a deceased person's assets, while a trust manages assets for beneficiaries.

Household (for this bill)

For the purpose of this credit, the number of individuals in a household is 1 (or 2 for a joint return) plus the number of dependents claimed by the individual for that tax year.