1. Short title This Act may be cited as the Child and Dependent Care Modernization Act of 2018 . 2. Increase in exclusion for employer-provided dependent care assistance (a) In general Section 129(a)(2) of the Internal Revenue Code of 1986 is amended— (1) by striking shall not exceed in subparagraph (A) and all that follows and inserting the following: shall not exceed— (i) $8,000 (half such dollar amount in the case of a separate return by a married individual) if there is 1 qualifying individual with respect to the taxpayer during such taxable year, or (ii) $16,000 (half such dollar amount in the case of such a separate return) if there are 2 or more qualifying individuals with respect to the taxpayer during such taxable year.