Summary: S.661 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.661. Bill summaries are authored by CRS.

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Introduced in Senate (03/04/2015)

Helping Working Families Afford Child Care Act

Amends the Internal Revenue Code, with respect to the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent, to: (1) increase to $110,000, the adjusted gross income threshold level above which such credit is incrementally reduced; (2) increase the dollar limit on the allowable amount of such credit; (3) allow an inflation adjustment to the threshold amount and the maximum credit amounts, beginning after 2016; and (4) make such credit refundable.