H.R. 10041, known as the "LITTLE Act of 2024," seeks to amend the Internal Revenue Code to support childcare services. The bill proposes the creation of a new tax credit for businesses starting childcare services, covering 30% of their related expenses up to $10,000. It also aims to increase...
Simple Explanation
H.R. 10041, called the "LITTLE Act of 2024," is like a plan to make it easier for people to start businesses that take care of kids, and it also gives families more money back when they pay for someone to watch their kids while they work. It helps by giving money back on their taxes, so families can spend less on childcare.