A bill to amend the Internal Revenue Code of 1986 to adjust for inflation the dollar limitations on the dependent care credit.
Working Families Tax Relief Act - Amends the Internal Revenue Code to provide an inflation adjustment for the dollar limitations on the tax credit for expenses for household and dependent care services necessary for gainful employment (the dependent care credit). Bases such cost-of-living adjustment on the consumer price index for calendar year 1991 instead of calendar year 1989.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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