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Working Families Childcare Access (WFCA) Act

2/9/2022, 3:42 AM

Congressional Summary of HR 7436

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.

Current Status of Bill HR 7436

Bill HR 7436 is currently in the status of Bill Introduced since June 30, 2020. Bill HR 7436 was introduced during Congress 116 and was introduced to the House on June 30, 2020.  Bill HR 7436's most recent activity was Referred to the Subcommittee on Select Revenue Measures. as of July 1, 2020

Bipartisan Support of Bill HR 7436

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7436

Primary Policy Focus

Taxation

Potential Impact Areas

- Adult day care
- Child care and development
- Employee benefits and pensions
- Income tax exclusion

Alternate Title(s) of Bill HR 7436

Working Families Childcare Access (WFCA) Act
To amend the Internal Revenue Code of 1986 to expand tax benefits related to dependent care assistance programs.
Working Families Childcare Access (WFCA) Act

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