HR 927
117th Congress
House
Taxation
Child care and development
Income tax credits
Inflation and prices
Marriage and family status
Child and Dependent Care Tax Credit Enhancement Act of 2021
Introduced: February 8, 2021
Introduced by:
Davis, Danny K.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2021
Referred to the House Committee on Ways and Means.
Feb 8, 2021
Introduced in House
Plain-English summary
Child and Dependent Care Tax Credit Enhancement Act of 2021
This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $400,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2022; and (5) make the credit refundable.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1