Dependent care assistance program limit doubled

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(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.