H.R. 2121 - Improving Child Care for Working Families Act of 2021

117TH CONGRESS
1ST SESSION

H.R. 2121

To amend the Internal Revenue Code of 1986
to increase the limitation of the exclusion
for dependent care assistance programs.

IN THE HOUSE OF REPRESENTATIVES

MARCH 23, 2021

Mrs. AXNE (for herself, Mr. FITZPATRICK, Mrs. HINSON,
Ms. JACOBS of California, Ms. WILD, Mr. SIRES, Mr. TONKO,
Mr. HARDER of California, Mr. COHEN, Mr. CARBAJAL, and
Mr. LYNCH) introduced the following bill; which was referred
to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to increase the limitation of the exclusion for dependent care assistance programs.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Improving Child Care for Working Families Act of 2021".

SEC. 2. INCREASE IN LIMITATION OF EXCLUSION FOR DEPENDENT CARE ASSISTANCE PROGRAMS.

(a) IN GENERAL. — Section 129(a)(2)(A) of the Internal Revenue Code of 1986 is amended by striking "$5,000 ($2,500" and inserting "$10,500 (half such dollar amount".

(b) EFFECTIVE DATE. — The amendments made by this section shall apply to amounts paid or incurred in calendar years beginning after the date of the enactment of this Act.