To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.

H.R. 1426 · 119th Congress · Feb 18, 2025 · Lineage

A BILL

(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)

Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

(a)

In general— Section 45F(b) is amended by striking “$150,000” and inserting “$400,000”.

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.