H.R. 1421 — Introduced in House

I 118th CONGRESS 1st Session H. R. 1421 IN THE HOUSE OF REPRESENTATIVES March 7, 2023Ms. Schrier (for herself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the limitation of the exclusion for dependent care assistance programs. 1. Short title This Act may be cited as the Improving Child Care for Working Families Act of 2023. 2. Increase in limitation of exclusion for dependent care assistance programs (a) In general Section 129(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 ($2,500 and inserting $10,500 (half such dollar amount. (b) Effective date The amendments made by this section shall apply to amounts paid or incurred in calendar years beginning after the date of the enactment of this Act.