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Doubling Tax Benefits for Child and Dependent Care Costs

This bill aims to significantly increase financial support for families covering child and dependent care expenses. The core change is doubling the maximum amount eligible for the Child and Dependent Care Tax Credit. Additionally, the limit for tax-free employer-provided dependent care assistance is doubled, directly increasing savings for working families.
Key points
Child and Dependent Care Credit: The maximum amount of expenses eligible for the credit is doubled from $3,000 to $6,000 (for one dependent) and from $6,000 to $12,000 (for two or more dependents).
Dependent Care Assistance Programs (DCAP): The limit on tax-free employer assistance for dependent care is doubled from $5,000 to $10,000.
Employer-Provided Childcare Credit: The maximum tax credit available to businesses that provide childcare facilities for employees is doubled from $150,000 to $300,000.
The changes apply to tax years beginning after December 31, 2023, potentially affecting the current tax year.
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Additional Information
Print number: 118_HR_8635
Sponsor: Rep. Molinaro, Marcus J. [R-NY-19]
Process start date: 2024-06-05
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable Child Care Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8635.

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 2024-06-05.

What are the main provisions?

Key points include:

  • Child and Dependent Care Credit: The maximum amount of expenses eligible for the credit is doubled from $3,000 to $6,000 (for one dependent) and from $6,000 to $12,000 (for two or more dependents).
  • Dependent Care Assistance Programs (DCAP): The limit on tax-free employer assistance for dependent care is doubled from $5,000 to $10,000.
  • Employer-Provided Childcare Credit: The maximum tax credit available to businesses that provide childcare facilities for employees is doubled from $150,000 to $300,000.
  • The changes apply to tax years beginning after December 31, 2023, potentially affecting the current tax year.
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. Molinaro, Marcus J. [R-NY-19].

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 2025-12-30.

CATEGORIES

Taxes Family