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.

Bill: 119-hr-1426
Sponsor: full_name: Rep. Mackenzie, Ryan [R-PA-7]
Introduced: 2025-02-18
Policy area: Taxation
Latest action: action_date: 2025-02-18
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 1426 IN THE HOUSE OF REPRESENTATIVES February 18, 2025 Mr. Mackenzie 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 amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.

1. Increase in credit for expenses for household and dependent care services (a) In general Section 21(c) of the Internal Revenue Code of 1986 is amended— (1) in paragraph (1), by striking $3,000 and inserting $6,000 , and (2) in paragraph (2), by striking $6,000 and inserting $12,000 . (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 2. Increase in employer-provided child care credit (a) In general Section 45F(b) is amended by striking $150,000 and 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.