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H.R. 1720 (114th): Child and Dependent Care FSA Enhancement Act


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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 26, 2015.


Child and Dependent Care FSA Enhancement Act

Amends the Internal Revenue Code to increase to $7,500 the amount of employer-provided dependent care assistance that an employee may exclude from gross income. Allows an annual inflation adjustment to such increased amount after 2016.