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