S. 820 · 114th Congress
Child and Dependent Care Tax Credit Enhancement Act of 2015
- Stage
- In committee
- Sponsor
- Bob Casey
- Introduced
- 2015-03-19
- Latest action
- 2015-03-19 · Introduced in Senate
Summary
Child and Dependent Care Tax Credit Enhancement Act of 2015
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 $120,000, 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 2016; and (4) make such credit refundable.