,i #aafth ,,congress #ast ,session ,h4 ,r4 #aihe ,,in ,,the ,,house ,,of ,,representatives ,march #bh1 #bjai,ms4 ,porter 7for herself and ,ms4 ,herrera ,beutler7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to increase the exclusion for employer-provided dependent care assistance including the limitation on dependent care flexible spending arrangements4 #a4 ,short title ,this ,act may be cited as the ,family ,savings for ,kids and ,seniors ,act4 #b4 ,increase in exclusion for employer-provided dependent care assistance including dependent care flexible spending arrangements 7a7 ,increase ,to take into account inflation since #aihf ,section #abi7;a77#b7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subparagraph3 7,d7 ,inflation adjustment ,in the case of any taxable year beginning in a calendar year after #bjai1 the #e1jjj amount in subparagraph 7,a7 shall be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting calendar year #aihf for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,if any increase determined under this paragraph is not a multiple of #ajj1 such increase shall be rounded to the next lowest multiple of #ajj4 4 7b7 ,conforming amendment ,section #abi7;a77#b77;,a7 of such ,code is amended by striking #b1ejj and inserting half such dollar amount4 7c7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjai4