The Dependent Care Flexible Spending Account Expansion Act

S. 5412 · 118th Congress · Dec 3, 2024 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to increase the amount excludable for dependent care assistance programs.

This Act may be cited as the “The Dependent Care Flexible Spending Account Expansion Act”.

(a)

In general— Section 129(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking “$5,000 ($2,500” and inserting “$7,500 ($3,750”.

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2024.