Introduced in House
Affordable Child Care Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the Affordable Child Care Act.
SEC. 2. CHILD AND DEPENDENT CARE CREDIT DOUBLEDTrack this section →
(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.
SEC. 3. DEPENDENT CARE ASSISTANCE PROGRAM LIMIT DOUBLEDTrack this section →
(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.
SEC. 4. EMPLOYER-PROVIDED CHILDCARE CREDIT DOUBLEDTrack this section →
(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.