H.R. 1426

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.

IN THE HOUSE OF REPRESENTATIVES · February 18, 2025 · Sponsor: Mr. Mackenzie · Committee: Committee on Ways and Means

Table of contents

• H.R. 1426
  • SEC. 1. Increase in credit for expenses for household and dependent care services
  • SEC. 2. Increase in employer-provided child care credit

SEC. 1. Increase in credit for expenses for household and dependent care services

• (a) In general
  • of the Internal Revenue Code of 1986 is amended— Section 21(c)
    • in paragraph (1), by striking $3,000and inserting $6,000, and
    • in paragraph (2), by striking $6,000and inserting inserting2,000.
• (b) Effective date
  • The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

SEC. 2. Increase in employer-provided child care credit

• (a) In general
  • Section 45F(b) is amended by striking striking50,000and inserting $400,000.
• (b) Effective date
  • The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.