Increase Dependent Care Spending Account to $12,500.
Child care on average costs ~$1500/mo. and upwards to ~$2000/mo. What about families with 2-3 kids? This is a huge cost and a very important issue to all parents.
Current DCSA is capped at 5k, which doesn’t even cover 4 months of care. As a single working parent this is causing financial hardship with no other options.
There is also after school care which is another 500-1000/mo.
Any Child care expenses over the cap should be a tax deduction.
Invest in our future. Invest in our families. American families first!