Right Start Child Care and Education Act of 2024
Summary · Congressional Research Service (nonpartisan)
This bill increases or allows new child care tax credits and increases the tax exclusion for employer-provided dependent care assistance. Specifically, the bill doubles the rate and the maximum allowable amount of the employer-provided child care credit. It also allows an additional increase for certain small businesses. The bill allows a new three-year tax credit for individuals who hold child care-related educational degrees and who work in licensed child care facilities. The bill increases the tax exclusion for employer-provided dependent care assistance.
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