Improving Child Care for Working Families Act of 2020

Bill: 116-hr-6047
Sponsor: full_name: Rep. Axne, Cynthia [D-IA-3]
Introduced: 2020-03-02
Policy area: Taxation
Subjects: Child care and development

Employee benefits and pensions

Income tax exclusion
Latest action: action_date: 2020-03-02
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-03-02
action_desc: Introduced in House
text: <p><b>Improving Child Care for Working Families Act of 2020</b></p> <p>This bill increases the limitation on the exclusion from employee gross income for employer-paid dependent care assistance from $5,000 to $10,000.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6047 IN THE HOUSE OF REPRESENTATIVES March 2, 2020 Mrs. Axne (for herself and Mr. Stauber ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the limitation of the exclusion for dependent care assistance programs.

1. Short title This Act may be cited as the Improving Child Care for Working Families Act of 2020 . 2. Increase in limitation of exclusion for dependent care assistance programs (a) In general Section 129(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 ($2,500 and inserting $10,000 ($5,000 . (b) Effective date The amendments made by this section shall apply to amounts paid or incurred in calendar years beginning after the date of the enactment of this Act.