Search Results: keywords:"employer tax credit"

  • H. R. 8860 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
    Status:Introduced in House
    Words:1,327

    H.R. 8860 aims to modify the Internal Revenue Code of 1986 to improve the tax credit for employers offering paid family and medical leave. The bill allows employers to choose between receiving a credit based on wages paid to employees on leave or on insurance premiums if they...

    Simple Explanation

    H.R. 8860 wants to help companies that give their workers paid time off for family or medical reasons by offering them a choice on how to get a tax benefit; they can either get a reward for the money they pay their workers on leave or for the insurance they have for paying for leave.

  • H. R. 7517 — To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes.
    💰
    Status:Introduced in House
    Words:3,080

    The bill, H.R. 7517, proposes amendments to the Internal Revenue Code of 1986 to rename and enhance Coverdell Education Savings Accounts into Coverdell Lifelong Learning Accounts. It aims to expand the use of these accounts by including new expenses that qualify for...

    Simple Explanation

    The bill wants to change how people can save money for learning new things their whole life, not just when they're young. It lets people use special accounts for more types of learning, like getting new skills, and encourages bosses to help save money for their workers’ education, but some rules could make it harder for people who need these savings the most.