Bill · H.R. 1426· House(119-HR-1426)
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.
- Introduced
- 2/18/2025
- Last activity
- 2/18/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Ryan Mackenzie
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill proposes amendments to the Internal Revenue Code of 1986. It aims to increase the amount allowed as a credit for expenses for household and dependent care services. Additionally, it seeks to increase the employer-provided child care credit. The changes to the household and dependent care services credit involve doubling certain limits. The bill also significantly increases the limit for the employer-provided child care credit.
Yes· 3 of 7
Does this make child care cost less?+7
The bill increases tax credits for both individual household care expenses and employer-provided child care.
Would middle-income households be better off under this?+5
The expansion of care service credits provides significant tax relief for middle-income families.
Does this cut taxes for middle-income families?+5
The bill increases the credit for household and dependent care services, which benefits middle-income families with care expenses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Credit for Household and Dependent Care Services: The bill increases the amount in paragraph (1) from $3,000 to $6,000 and the amount in paragraph (2) from $6,000 to $12,000. This provides more money as a credit for these specific expenses. (Section 1(a))
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Increased Employer-Provided Child Care Credit: The amount allowed under section 45F(b) is increased from $150,000 to $400,000. This increases the credit available for employer-provided child care. (Section 2(a))
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+5Good For Children+4Good For Low Income Households+4Good For Women+4
- Economy And Finance
- Reduces Middle Class Taxes+5Improves Small Business Support+3
- Social Issues And Justice
- Improves Childcare Affordability+7
- 2/18/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House