Working Families Relief Act
This bill increases and expands tax incentives for employer-provided dependent care assistance programs.
The bill increases the limit on the amount excludible from the gross income of an employee for employer-provided dependent care assistance and requires annual inflation adjustments to such increased limit after 2020.
The bill also allows tax credits for (1) small employer dependent care assistance program start-up costs, and (2) employer matching contributions for dependent care assistance programs.