Child & Dependent Care Tax Credit
Overview
The Child and Dependent Care Tax Credit (CDCTC) helps parents pay for child care so they can work and is the only provision of the tax code specifically created to help working parents pay for child care.
The CDCTC helps working parents keep more of what they make and helps offset the high cost of child care. Parents can claim a percentage of expenses to help cover the cost of care for children under the age of 13 or adult dependents.
CDCTC helps parents afford child care by offsetting the cost of going to work and providing for their families. It is critical that Congress expand this tax provision to support businesses and parents.
Top
Resources
The First Five Things To Know About: The Federal Tax Code and Child Care
Child care is not a luxury for American families – it’s a necessity. Yet the high costs associated with quality child care are rapidly outpacing most other expenses, including the …
Child and Dependent Care Tax Credit (CDCTC): Overview
Millions of American families are struggling to find quality, reliable, affordable child care they can depend on. This is having a devastating impact on our youngest learners, working families, and …
TOPLINES: Child Care in the Senate Tax Package
The Senate tax package contains updates to tax policy which could help make child care more affordable for more working families with young children. With two-thirds of children ages five …
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updates
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STATEMENT: FFYF’s Sarah Rittling on proposed expansion of child care tax credits
On Monday afternoon, the Senate released the text of their bill to reauthorize the Tax Cuts and Jobs Act of 2017. This version contains updates to tax credits which will …
Letter: Senate Finance Committee urged to prioritize child care tax credits
In a show of support, 64 local Chambers of Commerce, national organizations, and employers joined First Five Years Fund and the U.S. Chamber of Commerce in a letter calling on …
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