S 5412
The Dependent Care Flexible Spending Account Expansion Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill would increase the amount of expenses eligible for reimbursement through dependent care flexible spending accounts (DCFSAs). Specifically, it raises the annual dollar limit on eligible expenses from $5,000 to $7,500 for single filers and $3,750 for married filers. This change aims to help more families afford childcare or eldercare. The bill takes effect starting January 1, 2025.
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