S. 2565 · 113th Congress
Helping Working Families Afford Child Care Act
- Stage
- In committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2014-07-08
- Latest action
- 2014-07-08 · Introduced in Senate
Summary
Helping Working Families Afford Child Care Act - Amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $200,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the threshold amount and the maximum credit amounts, beginning after 2015; and (4) make such credit refundable.