Supporting American Families, Employers, Kids and Jobs Act or the SAFE Kids and Jobs Act This bill allows an employer a payroll tax credit for 30% of qualified employee dependent care expenses (i.e., dependent care assistance) paid by the employer in a calendar quarter. The amount of qualified expenses eligible for the credit is limited to $2,500 per employee in any calendar quarter.
AppropriationsChild care and developmentDisability assistanceEmployee benefits and pensionsEmployment taxesGovernment trust fundsSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings
SAFE Kids and Jobs Act
USA116th CongressHR-7837| House
| Updated: 7/29/2020
Supporting American Families, Employers, Kids and Jobs Act or the SAFE Kids and Jobs Act This bill allows an employer a payroll tax credit for 30% of qualified employee dependent care expenses (i.e., dependent care assistance) paid by the employer in a calendar quarter. The amount of qualified expenses eligible for the credit is limited to $2,500 per employee in any calendar quarter.
AppropriationsChild care and developmentDisability assistanceEmployee benefits and pensionsEmployment taxesGovernment trust fundsSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings