H.R. 1500 would amend the Internal Revenue Code of 1986 to increase and make refundable the dependent care credit.
Detailed Summary
Helping Families Afford to Work Act - Amends the Internal Revenue Code relating to the dependent care tax credit to: (1) increase from $15,000 to $20,000 the income threshold at which the rate of such credit is reduced; (2) increase the rate of such credit from 35 to 50%; (3) increase the maximum dollar amount of such credit; and (4) make such credit refundable.
Status of the Legislation
Latest Major Action: 3/12/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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