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.

This bill doubles the amount of money that people can claim on their taxes to help cover the cost of child care or dependent care while they or their spouse work or look for work. For someone with one qualifying child or dependent, the maximum tax credit would go from $3,000 to $6,000, and for those with two or more, it would go from $6,000 to $12,000. The bill also raises the maximum tax credit that businesses can claim for providing child care services to their employees, increasing it from $150,000 to $400,000 per year.

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