Middle Class Tax Break Act of 2017

“36A. Working America tax credit

“(a) Allowance of credit—In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to the lesser of—

“(1) 6.2 percent of earned income of the taxpayer, or

“(2) $500 ($1,000 in the case of a joint return or a head of a household).

“(b) Definitions and special rules—For purposes of this section—

“(1) Eligible individual

“(A) In general—The term eligible individual means any individual—

“(i) whose modified adjusted gross income is not greater than $100,000 ($200,000 in the case of a joint return or a head of a household), and

“(ii) who is not—

“(I) a nonresident alien,

“(II) an individual with respect to whom a deduction under section 151 is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individual's taxable year begins, or

“(III) an estate or trust.

“(B) Modified adjusted gross income—For purposes of subparagraph (A), the term modified adjusted gross income means the adjusted gross income of the taxpayer for the taxable year increased by any amount excluded from gross income under section 911, 931, or 933.

“(C) Identification number requirement—The term eligible individual shall not include any individual who does not include on the return of tax for the taxable year—

“(i) such individual's social security account number, and

“(ii) in the case of a joint return, the social security account number of one of the taxpayers on such return.

“(2) Earned income—The term earned income has the meaning given such term by section 32(c)(2).”

“(R) an omission of the reduction required under section 36A(c) with respect to the credit allowed under section 36A or an omission of the correct social security account number required under section 36A(b)(1)(C).”