H. R. 1426 proposes changes to the Internal Revenue Code of 1986 to increase certain tax credits related to child care. It aims to double the currently permitted amount for the household and dependent care services credit, raising the limit from $3,000 to $6,000 for one...
Simple Explanation
The bill wants to help families by giving them more money back when they pay for someone to take care of their kids or family members, and it also lets businesses help more with child care without paying extra taxes.