Summary: S.931 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.931. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/28/2019)

Child and Dependent Care Tax Credit Enhancement Act of 2019

This bill modifies the tax credit for employment-related expenses incurred for the care of a taxpayer's dependent to (1) increase to $120,000, the adjusted gross income threshold level above which the credit is incrementally reduced; (2) increase the dollar limits on the allowable amount of the credit; (3) specify rules for married couples filing separate returns; (4) allow an inflation adjustment to the adjusted gross income threshold and the maximum credit amounts, beginning after 2020; and (5) make the credit refundable.