of paragraph (1), any amount excluded from gross income by reason of section 112 shall be treated as earned income which is taken into account in computing taxable income for the taxable year. (d) Inflation adjustment (1) In general In the case of a taxable year beginning after 2019, the $800 amount in subsection (a)(2) shall be increased by an amount equal to— (A) such dollar amount, multiplied by (B) the percentage (if any) by which— (i) the CPI for the preceding calendar year, exceeds (ii) the CPI for calendar year 2018. (2) CPI Rules similar to the rules of paragraphs (4) and (5) of section 1(f) shall apply for purposes of this subsection. (3) Rounding If any dollar amount, after being increased under paragraph (1), is not a multiple of $10, such dollar amount shall be rounded to the next lowest multiple of $10. . (b) Refunds disregarded in the administration of Federal programs and federally assisted programs Any credit or refund allowed or made to any individual by reason of section 36A of the Internal Revenue Code of 1986 (as added by this section) shall not be taken into account as income and shall not be taken into account as resources for purposes of determining the eligibility of such individual or any other individual for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds. (c) Conforming amendments (1) Section 6211(b)(4)(A) of the Internal Revenue Code of 1986 is amended by inserting 36A, after 36, . (2) The table of sections for subpart C of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 36 the following new item: Sec. 36A. Carbon fee offset credit. . (d) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2018. 202. Establishment of payments to Social Security beneficiaries and other retired and disabled Americans (a) Authority To make payments The