Proposal:Child and Dependent Care Tax Credit Enhancement Act of 2024

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 3657
Type of Legislation	Senate Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Child and Dependent Care Tax Credit Enhancement Act of 2024

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 2024; and (5) make the credit refundable for taxpayers who have a principal residence for more than half of the taxable year.

Bill Title

Child and Dependent Care Tax Credit Enhancement Act of 2024

Linked Goals

• Goal:Promote General Welfare

Steps

• 2024-01-24: Read twice and referred to the Committee on Finance.
• 2024-01-24: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.