119 HR 1426 IH: 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. U.S. House of Representatives 2025-02-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 1426IN THE HOUSE OF REPRESENTATIVESFebruary 18, 2025Mr. Mackenzie introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo 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.

1.

Increase in credit for expenses for household and dependent care services

(a)

In general

Section 21(c) of the Internal Revenue Code of 1986 is amended—(1)in paragraph (1), by striking $3,000 and inserting $6,000, and(2)in paragraph (2), by striking $6,000 and inserting $12,000.(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

2.

Increase in employer-provided child care credit

(a)

In general

Section 45F(b) is amended by striking $150,000 and inserting $400,000.(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.