Last progress February 18, 2025 (9 months ago)
Introduced on February 18, 2025 by Sharice Davids
Referred to the House Committee on Ways and Means.
This bill aims to make child care more affordable by doubling several tax breaks for families and boosting support from employers. It would raise the amount of care costs you can count toward the Child and Dependent Care Credit, increase how much you can put in a dependent care FSA, and raise the cap on an employer tax credit for providing child care. These changes would start with the 2025 tax year (for tax years beginning after December 31, 2024).
Key points
Overall, the bill would let families keep more of their money when paying for child or dependent care and may push more employers to offer child care support.