HI HCR168

Urges the U.S. Internal Revenue Service Commissioner to increase the Dependent Care Flexible Spending Account (FSA) limit from $5,000 to $10,000 per child to reflect average child care costs in the United States.

Notes that Hawaii ranks 12th most expensive for child care, with infant care costing $13,731 annually and 4-year-old care costing $8,937 annually, exceeding in-state public college tuition.

Identifies that infant care in Hawaii consumes up to 16% of an average family's income, while only 10.9% of Hawaii families can afford infant care under the U.S. Department of Health and Human Services affordability standard of 7% of family income.

Explains that Dependent Care FSAs allow families to use pre-tax dollars for eligible dependent care services such as preschool, daycare, before/after-school programs, and summer camps, resulting in approximately 30% savings.

Requires transmitting certified copies of the resolution to the IRS Commissioner, President of the Senate, Speaker of the House, Hawaii's congressional members, the Governor, and relevant child care and tax policy organizations.