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.

This bill aims to enhance financial support for families and employers by increasing specific tax credits related to dependent care. It proposes significant adjustments to the Internal Revenue Code of 1986, specifically targeting the expenses for household and dependent care services credit and the employer-provided child care credit. For the expenses for household and dependent care services credit , the bill would double the maximum credit amounts. The limit for one qualifying individual would increase from $3,000 to $6,000 , and for two or more qualifying individuals, it would rise from $6,000 to $12,000 . Furthermore, the bill seeks to boost incentives for businesses by raising the maximum employer-provided child care credit from $150,000 to $400,000 . These changes would apply to taxable years beginning after the date of the Act's enactment.