H.R.3397: Child and Dependent Care Modernization Act of 2019
Overview
The Child and Dependent Care Modernization Act would increase the tax exclusion for employer-provided dependent care assistance from $5,000 to $8,000 for families with once dependant, and from $5,000 to $16,000 for families with two or more dependants. The bill also allows individuals to carry forward into the next taxable year unused flexible spending arrangement account balances