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118-hr-7407Committee
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Small Business Dependent Care FSA Opportunity Act

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Summary

Official CRS summary

This bill allows certain small employers (employers with no more than 100 employees who received $5,000 in compensation from an employer) a new three-year tax credit for the startup costs of dependent care flexible spending plans. The amount of the credit is equal to the greater of $500 or the lesser of $250 for each eligible employee, or $5,000.

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Bill details

Congress
118
Bill type
hr
Introduced
February 16, 2024
Sponsor
Not yet available
Last action
February 16, 2024— Referred to the House Committee on Ways and Means.

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