HR 413
Official Title: To amend the Internal Revenue Code of 1986 to index dependent care assistance programs to inflation.
Introduced: 01/15/2025
Passed House:
Passed Senate:
To President:
Became Law:
Summary:
Combating High Inflation Limiting Daycare Act of 2025 or the CHILD Act of 2025
This bill increases the maximum annual amount that may be contributed to a dependent care assistance program (generally known as a dependent care flexible spending account [FSA]).
Under the bill, the maximum annual amount that may be contributed to a dependent care FSA increases from $5,000 ($2,500 for married taxpayers who file separate federal tax returns) to $10,000 ($5,000 for married taxpayers who file separate federal tax returns) and is adjusted annually for inflation.
Action(s):
- 01/15/2025 - Referred to the House Committee on Ways and Means.
- 01/15/2025 - Introduced in House
