To amend the Internal Revenue Code of 1986 to increase the exclusion for employer-provided dependent care assistance including the limitation on dependent care flexible spending arrangements.
Family Savings for Kids and Seniors Act
This bill increases the amount that employees may exclude from their gross income for employer-provided dependent care assistance. The bill increases the existing $5,000 limit by requiring annual adjustments that account for inflation.
Placed on the Union Calendar, Calendar No. 307.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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