Dependent Care Savings Account Act of 2014

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 contributions to an account, and (4) impose a tax on employers who fail to make comparable contributions to a dependent savings account for all participating employees.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 September 2014

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 September 2014

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• Introduced in Senate

  summary · EN · 15 September 2014

  Open at official source

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