Summary: S.598 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.598. Bill summaries are authored by CRS.

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Introduced in Senate (03/09/2017)

This bill amends the Internal Revenue Code to allow taxpayers who do not otherwise itemize their tax deductions a deduction from gross income (above-the-line deduction) for their employment-related expenses incurred in caring for a child under the age of 13 or a child who is physically or mentally incapable of self-care (qualifying child). The deduction is subject to annual limits of $7,000 for taxpayers with one qualifying child or $14,000 for taxpayers with two or more qualifying children. The bill allows an annual inflation adjustment to such amounts for taxable years beginning after 2017.