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Expanded Tax Credits for Child and Dependent Care

This act aims to increase financial support for families and employers regarding child and dependent care. Changes include expanding tax credits for companies offering care services and increasing the amounts individuals can deduct for care expenses, potentially lowering their financial burden.
Key points
Businesses can deduct more costs related to providing child care for their employees, potentially encouraging more such facilities.
The amount individuals can exclude from taxable income for dependent care assistance programs is increased.
A new, refundable tax credit for household and dependent care expenses is introduced, meaning even low-income individuals could receive money back.
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Additional Information
Print number: 118_HR_4571
Sponsor: Rep. Carbajal, Salud O. [D-CA-24]
Process start date: 2023-07-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Child Care Investment Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4571.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-12.

What are the main provisions?

Key points include:

  • Businesses can deduct more costs related to providing child care for their employees, potentially encouraging more such facilities.
  • The amount individuals can exclude from taxable income for dependent care assistance programs is increased.
  • A new, refundable tax credit for household and dependent care expenses is introduced, meaning even low-income individuals could receive money back.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Carbajal, Salud O. [D-CA-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family Labor