S. 2879 · 114th Congress
Working Families Relief Act
- Stage
- In committee
- Sponsor
- Kelly Ayotte
- Introduced
- 2016-04-28
- Latest action
- 2016-04-28 · Introduced in Senate
Summary
Working Families Relief Act
This bill amends the Internal Revenue Code to increase and expand tax incentives for employer-provided dependent care assistance.
The bill increases the limit on the amount excludible from the gross income of an employee for employer-provided dependent care assistance and requires annual inflation adjustments to such increased limit after 2017.
The bill also establishes tax credits for: (1) small employer dependent care assistance program start-up costs, and (2) employer matching contributions for dependent care assistance programs.