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Bill > HR6047


US HR6047

US HR6047
Improving Child Care for Working Families Act of 2020


summary

Introduced
03/02/2020
In Committee
03/02/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to increase the limitation of the exclusion for dependent care assistance programs. This bill increases the limitation on the exclusion from employee gross income for employer-paid dependent care assistance from $5,000 to $10,000.

AI Summary

This bill, the Improving Child Care for Working Families Act of 2020, amends the Internal Revenue Code to increase the limitation on the exclusion from employee gross income for employer-paid dependent care assistance programs. Specifically, it increases the limitation from $5,000 to $10,000 ($2,500 to $5,000 for married individuals filing separately). This change applies to amounts paid or incurred in calendar years starting after the date of the bill's enactment.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Referred to the House Committee on Ways and Means. (on 03/02/2020)

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