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Family Support: Increased Tax Credits for Child and Dependent Care

This act aims to help families cover the costs of child and dependent care. It increases tax credits and makes them fully refundable, meaning even low-income individuals can receive money back. Additionally, the amount employers can provide for dependent care assistance without it being counted as income is increased.
Key points
Larger tax credit for child and dependent care: The maximum credit amount increases, and its refundability means more families will receive real financial support.
Increased employer support: Companies can now provide more money for child care assistance to their employees, benefiting both parties.
Credits will be adjusted for inflation: The amounts of credits and exclusions will automatically increase with the cost of living, ensuring their real value in the future.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_2900
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-04-10