legislation: 113-hr-5365
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| 113-hr-5365 | 113 | hr | 5365 | To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for child care expenses, and for other purposes. | Taxation | 2014-07-31 | 2014-07-31 | Referred to the House Committee on Ways and Means. | House | Rep. Pascrell, Bill, Jr. [D-NJ-9] | NJ | D | P000096 | 5 | Amends the Internal Revenue Code to allow taxpayers who do not otherwise itemize their tax deductions a deduction from gross income (above-the-line deduction) for their employment-related expenses incurred in caring for a child under the age of 13 or a child who is physicaly or mentaly incapable of self care (qualifying child). Limits the dollar amount of such deduction in a taxable year to $7,000 for taxpayers with one qualifying child or $14,000 for taxpayers with two or more qualifying children. Allows an annual inflation adjustment to such amounts for taxable years beginning after 2014. | 2023-01-11T13:25:51Z |