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