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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.

USA119th CongressHR-1426| House 
| Updated: 2/18/2025
Ryan Mackenzie

Ryan Mackenzie

Republican Representative

Pennsylvania

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 18, 2025
Introduced in House
Feb 18, 2025
Referred to the House Committee on Ways and Means.
  • February 18, 2025
    Introduced in House


  • February 18, 2025
    Referred to the House Committee on Ways and Means.

Taxation

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.

USA119th CongressHR-1426| House 
| Updated: 2/18/2025
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 18, 2025
Introduced in House
Feb 18, 2025
Referred to the House Committee on Ways and Means.
  • February 18, 2025
    Introduced in House


  • February 18, 2025
    Referred to the House Committee on Ways and Means.
Ryan Mackenzie

Ryan Mackenzie

Republican Representative

Pennsylvania

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted