Revenue Components of House Offer On Welfare Reform Jcx-22-88

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IRS Debt Collection 2,000 B. Child Care Proposals 1. Phase out dependent care credit for AGI between $100,000 and $128,500 351 2. Provide that the credit and the dependent care exclusion are available only with respect to children under the age of 13 375 3. (a) The dollar limitations on expenses eligible for the the exclusion would be reduced to the limitations on expenses eligible for the credit and (b) a taxpayer's limit on expenses eligible for the credit would be reduced by the amount of exp...enses excluded from that person's income under the exclusion 170 4. As a condition of allowing to a taxpayer the credit or exclusion, the valid taxpayer identi- fication number of the service provider would be required to be reported to the IRS 624 C.

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