of subsection (i)) by substituting $3,600 for $1,000 . (2) Young qualifying child For purposes of paragraph (1), the term young qualifying child means a qualifying child who has not attained age 6 as of the close of such taxable year. (3) Limitation based on adjusted gross income For purposes of applying subsection (b) with respect to a young qualifying child, paragraph (1) of subsection (b) shall be applied by substituting $180 for $50 . (4) Credit refundable The aggregate credits allowed to a taxpayer under subpart C shall be increased by the credit which would be allowed under this section without regard to this subsection, subsection (d), and the limitation under section 26(a). The amount of the credit allowed under this subsection shall not be treated as a credit allowed under this subpart and shall reduce the amount of credit otherwise allowable under subsection (a) without regard to section 26(a). (5) Reconciliation of credit and advance credit (A) In general The amount of the credit allowed under subsection (a) by reason of paragraph (1) for any taxable year shall be reduced (but not below zero) by the aggregate amount of any advance payments of such credit under section 7527A for such taxable year. (B) Excess advance payments If the aggregate amount of advance payments under section 7527A for the taxable year exceeds the amount of the credit allowed under subsection (a) by reason of paragraph (1) for such taxable year (determined without regard to subparagraph (A)), the tax imposed by this chapter for such taxable year shall be increased by the amount of such excess. . (b) Advance payment of credit Chapter 77 of such Code is amended by inserting after section 7527 the following new section: 7527A. Advance payment of young child tax credit (a) In general As soon as practicable and not later than 1 year after the date of the enactment of this section, the Secretary shall establish a program for making advance payments of the credit allowed under section 24 by reason of subsection (h) thereof on a monthly