Improving Child Care for Working Families Act of 2021

Bill: 117-hr-2121
Sponsor: full_name: Rep. Axne, Cynthia [D-IA-3]
Introduced: 2021-03-23
Policy area: Taxation
Subjects: Child care and development

Employee benefits and pensions

Income tax exclusion
Latest action: action_date: 2021-03-23
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-03-23
action_desc: Introduced in House
text: <p><b>Improving Child Care for Working Families Act of 2021</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 $10,500.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 2121 IN THE HOUSE OF REPRESENTATIVES March 23, 2021 Mrs. Axne (for herself, Mr. Fitzpatrick , Mrs. Hinson , Ms. Jacobs of California , Ms. Wild , Mr. Sires , Mr. Tonko , Mr. Harder of California , Mr. Cohen , Mr. Carbajal , and Mr. Lynch ) 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 2021 . 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 $10,500 (half such dollar amount . (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.