A bill to amend the Internal Revenue Code of 1954 to allow an individual a credit for certain household and dependent care expenses necessary for gainful employment.

Provides an income tax credit under the Internal Revenue Code of up to $1800 per year for expenses for household and dependent care services necessary for gainful employment. Provides a formula for the reduction of the amount of such credit in proporation to the taxpayer's adjusted gross income in excess of $18,000.

States that married couples must file jointly to be eligible for this credit.