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Deductions & credits
In American Rescue Plan Act of 2021 - Congress.gov, using the Public Law version, summary tab, we find:
PART 4--DEPENDENT CARE ASSISTANCE
(Sec. 9631) This section increases rate of the tax credit for child and dependent care expenses and makes the credit refundable. It also increases the dollar limit on such expenses that are eligible for the credit.
(Sec. 9632) This section increases the amount of the tax exclusion for employer-provided dependent care assistance to $10,500 in 2021.
The law is fluid and with your plan year issue, I am certain there will be challenges to the law. Stay tuned.
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‎January 19, 2022
7:52 PM