Young Adult Tax Credit Act

Young Adult Tax Credit Act  This bill allows a refundable young adult tax credit and a monthly advance payment of such credit. The bill defines young adult as an individual who is at least age 18, but not yet 25, and is either a citizen, national, or resident of the United States. The amount of such credit is the sum of $500 for each taxpayer or taxpayer dependent who is a young adult in any calendar month.