To amend the Internal Revenue Code of 1986 to make the dependent care tax credit refundable and to increase the amount of allowable dependent care expenses, and for other purposes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) make the existing dependent care tax credit a refundable credit; (2) increase allowable dependent care expenses; and (3) revise the credit phasedown formula.…