Bill > HR927

This bill amends the Internal Revenue Code to enhance the Child and Dependent Care Tax Credit (CDCTC) and make it fully refundable. The key provisions include: increasing the applicable percentage for the credit from 20-50% based on adjusted gross income (AGI), raising the dollar limit on the amount creditable from $3,000 to $8,000 for one qualifying individual and from $6,000 to $16,000 for two or more, allowing married couples filing separately to claim the credit as if they filed jointly, indexing the AGI thresholds and dollar limits for inflation, and redesignating the CDCTC as a refundable credit. These changes are intended to provide more generous tax relief for families with child and dependent care expenses, making the credit more accessible and beneficial.