To amend the Internal Revenue Code of 1986 to establish a refundable childhood education tax credit with monthly advance payments.

HR 6634 would establish a refundable tax credit providing $667 per month for each child aged 2-4 who receives early childhood education and lives with the taxpayer. The credit would be reduced for households earning above 300% of the poverty line, with monthly advance payments made directly to eligible families rather than as a yearly tax refund. To qualify, children must be enrolled in an early childhood education program (including licensed private prekindergarten), receive care from the taxpayer, and meet specific residency requirements. The bill includes provisions to prevent fraud, coordinate with other government programs, and adjust payments for inflation starting in 2026, with the credit applying to taxable years beginning after December 31, 2025.