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US HR1959

US HR1959
Child and Dependent Care FSA Enhancement Act


summary

Introduced
04/05/2017
In Committee
04/05/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Child and Dependent Care FSA Enhancement Act This bill amends the Internal Revenue Code to increase to $7,500 the amount of employer-provided dependent care assistance that an employee may exclude from gross income. The bill allows an annual inflation adjustment to such increased amount after 2016.

AI Summary

This bill, the Child and Dependent Care FSA Enhancement Act, amends the Internal Revenue Code to increase the amount of employer-provided dependent care assistance that an employee may exclude from their gross income, from $5,000 to $7,500. Additionally, the bill allows for this increased amount to be annually adjusted for inflation starting in 2016.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Referred to the House Committee on Ways and Means. (on 04/05/2017)

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