H.R. 1426 — To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit.

H.R. 1426 — To amend the Internal Revenue Code of 1986 to increase the amount allowed as a credit under the expenses for household and dependent care services credit and the employer-provided child care credit. | JustPolicyThe purpose of this legislation is to provide financial relief to families by increasing tax credits related to household and dependent care services, as well as employer-provided child care. The main objectives are to make child care more affordable for families and to encourage employers to support their employees with child care benefits. The key provisions of the legislation include two significant changes. First, it raises the maximum amount that families can claim as a tax credit for household and dependent care services.