Family Care Act (2007)

Federal bill would amend the dependent care tax credit by increasing the rate of the tax credit to 40% (from 35%) for eligible expenses for household and dependent care services. The credit drops to 20% of eligible expenses for households with an adjusted gross income above $100,000 (adjusted annually for inflation). The bill would make the increased tax credit permanent.

Bill Number H.R. 1871

Sponsor Rep. Kirsten Gillibrand (D-NY)

Date of Introduction 4/18/2007

Latest Activity Bill did not pass in the Legislative session.

More Info http://thomas.loc.gov/

Topic: Caregiver Tax Incentives