H.R.3903: Child Care Flex Spending Act of 2019

Overview

The Child Care Flex Spending Act (H.R. 3903) would increase the amount that employees may exclude from their gross income for employer-provided dependent care assistance from $5,000 to $10,000 but only for individuals that earn less then $50,000 annually. After $50K, there is a 5% reduction in the exclusion amount until it hits the original $5,000 mark. The bill also begins to increase the value of the dependent care assistance tax exclusion to keep pace with inflation.

S. 2230 is the Senate companion bill.

Our Stance

Watching

Priority

Medium

Bill Number

H.R.3903

Date Introduced

July 23, 2019

Committee

House Ways and Means Committee

Bill Status

Introduced or Prefiled