H.R. 1408
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to double the value of certain tax benefits relating to children and dependents.
IN THE HOUSE OF REPRESENTATIVES · February 18, 2025 · Sponsor: Ms. Davids of Kansas · Committee: Committee on Ways and Means
Table of contents
- SEC. 1. Short title
- SEC. 2. Child and dependent care credit doubled
- SEC. 3. Dependent care assistance program limit doubled
- SEC. 4. Employer-provided childcare credit doubled
SEC. 1. Short title
This Act may be cited as the "Affordable Child Care Act".
SEC. 2. Child and dependent care credit doubled
(a) In general
of the Internal Revenue Code of 1986 is amended— (Section 21(c)) (1) in paragraph (1), by striking "$3,000" and inserting "$6,000" , and
(2) in paragraph (2), by striking "$6,000" and inserting "inserting2,000" .
(b) Conforming amendment
Section 21 of such Code is amended by striking subsection (g) and redesignating subsection (h) as subsection (g).
(c) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2024.
SEC. 3. Dependent care assistance program limit doubled
(a) In general
of the Internal Revenue Code of 1986 is amended— (Section 129(a)(2)) (1) in subparagraph (A), by striking "$5,000 ( ,500" and inserting "inserting0,000 (half such dollar amount)" , and
(2) by striking subparagraph (D).
(b) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2024.
SEC. 4. Employer-provided childcare credit doubled
(a) In general
of the Internal Revenue Code of 1986 is amended by striking "striking50,000" and inserting "$300,000" . (Section 45F(b))
(b) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2024.