Search Results: keywords:"household and dependent care"

  • S. 847 — To amend the Internal Revenue Code of 1986 to expand the employer-provided child care credit and the dependent care assistance exclusion.
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    Status:Introduced in Senate
    Words:3,009

    The Child Care Availability and Affordability Act seeks to amend the Internal Revenue Code of 1986 by expanding the employer-provided child care credit and the dependent care assistance exclusion. The bill proposes increasing the percentage of child care expenditures eligible...

    Simple Explanation

    The Child Care Availability and Affordability Act is a plan to help parents and businesses by giving them more money back on taxes when they pay for child care. It makes it easier for families, especially those with little money, to afford care for their kids.

  • H. R. 1827 — To amend the Internal Revenue Code of 1986 to expand the employer-provided child care credit and the dependent care assistance exclusion.
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    Status:Introduced in House
    Words:2,989

    H.R. 1827, titled the “Child Care Availability and Affordability Act,” seeks to amend the Internal Revenue Code of 1986 to enhance benefits related to child care. It proposes to increase the employer-provided child care credit from 25% to 50% and raises the maximum credit from $150,000 to...

    Simple Explanation

    The bill is like a plan to help moms and dads pay for places where their kids are taken care of while they work. It tries to make it so companies can get more money back if they help with child care, and it also lets families use more of their money without getting taxed when they spend on babysitters and daycares.