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- H.R.5326
H.R.5326: Dependent Care Savings Account Act of 2014
About This Bill
- Introduced July 31, 2014
- Latest Major Action July 31, 2014
Bill Sponsor
Bill Summary
Dependent Care Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) establish tax-exempt dependent care savings accounts to pay the employment-related expenses of caring for a dependent of the taxpayer, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 in a taxable year for cash contributions to such accounts, (3) set forth rules for the tax treatment of account distributions and for excess...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 31, 2014 |
Referred to the House Committee on Ways and Means.
|
| July 31, 2014 |
Introduced in the House by Bill Cassidy (R-La.) |