February 18, 2025
Mr. Mackenzie introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.
Section 1. Increase in credit for expenses for household and dependent care services
(a) In general
Section 21(c) of the Internal Revenue Code of 1986 is amended—
(1)
in paragraph (1), by striking $3,000
and inserting $6,000
, and
(2)
in paragraph (2), by striking $6,000
and inserting $12,000
.
(b) Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
Sec. 2. Increase in employer-provided child care credit
(a) In general
Section 45F(b) is amended by striking $150,000
and inserting $400,000
.
(b) Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.