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Read twice and referred to the Committee on Finance.
Makes several changes to the Child and Dependent Care Tax Credit (CDCTC): increases the credit dollar limits, alters how the credit phases out by income, adds inflation adjustments to the limits, and allows some taxpayers to receive refundable amounts. It also creates a special rule for married taxpayers who file separate returns and directs the Secretary to issue regulations to implement the changes.
Introduced April 10, 2025 by Tina Smith · Last progress April 10, 2025