summary
Introduced
01/09/2017
01/09/2017
In Committee
01/09/2017
01/09/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Working Parents Tax Relief Act This bill amends the Internal Revenue Code to: (1) increase from $5,000 to $7,500 (adjusted for inflation after 2017) the amount of employer-provided dependent care assistance that an employee may exclude from gross income, and (2) permit unused dependent care benefits in cafeteria plans and flexible spending arrangements to be carried forward to the succeeding plan year.
AI Summary
This bill, the Working Parents Tax Relief Act, amends the Internal Revenue Code to increase the amount of employer-provided dependent care assistance that an employee may exclude from gross income from $5,000 to $7,500 (adjusted for inflation after 2017). It also allows unused dependent care benefits in cafeteria plans and flexible spending arrangements to be carried forward to the succeeding plan year, providing more flexibility for working parents to use these tax-advantaged benefits.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 01/09/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/386/all-info |
| BillText | https://www.congress.gov/115/bills/hr386/BILLS-115hr386ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr386/BILLS-115hr386ih.pdf.pdf |
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