Introduced in the HouseHouse Bill

Small Business Dependent Care FSA Opportunity Act

Summary · Congressional Research Service (nonpartisan)

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.

Introduced Feb 16, 2024GovTrack

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