Affordable Child Care Act

H.R. 1408 · 119th Congress · Feb 18, 2025 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents.

This Act may be cited as the “Affordable Child Care Act”.

(a)

In general— Section 21(c) of the Internal Revenue Code of 1986 is amended—

(1)

in paragraph (1), by striking “$3,000” and inserting “$6,000”, and

(2)

in paragraph (2), by striking “$6,000” and inserting “$12,000”.

(b)

Conforming amendment— Section 21 of such Code is amended by striking subsection (g) and redesignating subsection (h) as subsection (g).

(c)

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

(a)

In general— Section 129(a)(2) of the Internal Revenue Code of 1986 is amended—

(1)

in subparagraph (A), by striking “$5,000 ($2,500” and inserting “$10,000 (half such dollar amount)”, and

(2)

by striking subparagraph (D).

(b)

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

(a)

In general— Section 45F(b) of the Internal Revenue Code of 1986 is amended by striking “$150,000” and inserting “$300,000”.

(b)

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