H.R. 7252 seeks to amend the Internal Revenue Code of 1986 to enhance the Child and Dependent Care Tax Credit. The bill proposes to increase the applicable percentage for the credit to 50 percent, change the credit's income-related phaseout, and raise the creditable dollar...
Simple Explanation
H.R. 7252 is a plan to help families pay for childcare by letting them get more money back on their taxes, even if they don't owe any taxes, and it's also going to update these amounts each year to keep up with inflation.