H.R. 8004, titled the “Expanding Child Care Access Act of 2024,” proposes amendments to the Internal Revenue Code of 1986 to provide a refundable tax credit for qualified child care startup expenses. The bill allows certain family child care providers, who are licensed or registered and meet...
Simple Explanation
The bill is like giving a one-time money boost to people who want to start taking care of kids at home, helping them with things they need to get started, but there are rules to make sure people use it the right way.