To amend the Internal Revenue Code of 1986 to modify and make refundable the credit for expenses for household and dependent care services necessary for gainful employment.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the tax credit for household and dependent care services necessary for gainful employment by: (1) allowing a credit amount of $3,000 for each qualifying individual; (2) increasing to $125,000 the adjusted gross income threshold amount at which credit amounts are reduced; (3) providing for an inflation adjustment to such credit and threshold amounts; and (4) making the credit refundable.…