Family Support Act Of 1988

Definition of "Family support act of 1988"

Elena Kemper  real estate agent

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Elena Kemper elite badge icon

Esslinger-Wooten-Maxwell, Inc.

Legislation that changed the tax treatment concerning child-care expenses so that an employee who has incurred child-care expenses greater than $4800 and who is participating in a company-sponsored dependent care assistance program is required to choose between the company plan and the child-care credit. The tax benefit gained by the employee from the child-care credit is reduced dollar for dollar to the extent that the company plan is used to cover child-care expenses.

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