H.R. 7057 · 115th Congress
Child and Dependent Care Modernization Act of 2018
- Stage
- In committee
- Sponsor
- Ann Wagner
- Introduced
- 2018-10-09
- Latest action
- 2018-10-09 · Introduced in House
Summary
Child and Dependent Care Modernization Act of 2018
This bill amends the Internal Revenue Code, with respect to employer-provided dependent care assistance programs, to: (1) increase the amounts of dependent care assistance that employees may exclude from gross income, (2) require the increased limits to be adjusted for inflation after 2019, and (3) allow certain unused dependent care flexible spending account balances to be carried forward into the next year.