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Search Results: keywords:"dependent care expenses"

  • S. 4765 aims to reauthorize the Child Care and Development Block Grant Act of 1990, focusing on improving child care access by relative caregivers. The bill makes it easier for parents to use child care certificates for relative caregivers such as grandparents and adult...

    Simple Explanation

    The bill wants to make it easier for families to have relatives like grandparents take care of children by providing money for child care, but there are worries about how the money will be used and whether it's fair for everyone.

  • S. 5412 proposes to amend the Internal Revenue Code of 1986 by increasing the amount of money that can be excluded from taxable income for dependent care assistance programs. The bill seeks to raise the current exclusion limit from $5,000 ($2,500 for married individuals...

    Simple Explanation

    Congress wants to make it easier for families to pay for someone to take care of their kids while they work by letting parents keep more of their money without paying taxes on it. They want to change a rule so parents can keep a bigger chunk of their money from taxes when they spend it on someone helping with their kids.