Improving Child Care for Working Families Act of 2021

Bill: 117-s-897
Sponsor: full_name: Sen. Ernst, Joni [R-IA]
Introduced: 2021-03-23
Policy area: Taxation
Subjects: Administrative remedies

Child care and development

Department of Veterans Affairs

Employee benefits and pensions

Income tax exclusion

Judges

Specialized courts

Veterans' pensions and compensation
Latest action: action_date: 2021-03-23
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2021-03-23
action_desc: Introduced in Senate
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: II 117th CONGRESS 1st Session S. 897 IN THE SENATE OF THE UNITED STATES March 23, 2021 Ms. Ernst (for herself, Ms. Hassan , Mr. Tillis , and Ms. Sinema ) introduced the following bill; which was read twice and referred to the Committee on Finance 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.