H.R. 1408 — Introduced in House

I 119th CONGRESS 1st Session H. R. 1408 IN THE HOUSE OF REPRESENTATIVES February 18, 2025Ms. Davids of Kansas (for herself, Mr. Fitzpatrick, Ms. Bonamici, and Mr. Mackenzie) 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 double the value of certain tax benefits relating to children and dependents. 1. Short title This Act may be cited as the Affordable Child Care Act. 2. Child and dependent care credit doubled (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) Conforming amendment Section 21 of such Code is amended by striking subsection (g) and redesignating subsection (h) as subsection (g). (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024. 3. Dependent care assistance program limit doubled (a) In general Section 129(a)(2) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (A), by striking $5,000 ($2,500 and inserting $10,000 (half such dollar amount), and (2) by striking subparagraph (D). (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024. 4. Employer-provided childcare credit doubled (a) In general Section 45F(b) of the Internal Revenue Code of 1986 is amended by striking $150,000 and inserting $300,000. (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.