summary
Introduced
10/09/2018
10/09/2018
In Committee
10/09/2018
10/09/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Child and Dependent Care Modernization Act of 2018
AI Summary
This bill, the Child and Dependent Care Modernization Act of 2018, aims to increase the exclusion for employer-provided dependent care assistance and allow limited annual carryforward of unused dependent care flexible spending arrangement account balances. Specifically, it would increase the annual limit on the dependent care assistance exclusion from $5,000 to $8,000 for a single qualifying individual or $16,000 for two or more qualifying individuals, and adjust these amounts for inflation. Additionally, it would permit unused balances in dependent care flexible spending arrangements to be carried forward to the next plan year, up to the annual limit.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 10/09/2018)
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/7057/all-info |
| BillText | https://www.congress.gov/115/bills/hr7057/BILLS-115hr7057ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr7057/BILLS-115hr7057ih.pdf.pdf |
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