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S. 3765

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to expand tax benefits related to dependent care assistance programs.
About This Bill
Committee
Latest Action · May 19, 2020
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
May 19, 2020
Sponsor
Sen. Kelly LoefflerR
Cosponsors (0)
None
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Summary

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Working Families Childcare Access (WFCA) Act This bill increases to $15,000 the maximum amount of dependent care assistance that may be excluded from the gross income of an employee receiving such assistance. It also permits a carryforward to a succeeding year of unused balances in a dependent care assistance flexible spending arrangement.

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