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 …
Polling Memo: Republican Support for Child Care Tax Policies
Polling conducted by Republican pollsters UpONE Insights on behalf of First Five Years Fund (FFYF) shows strong support for expanding child care-related tax credits. This is especially relevant as the …
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STATEMENT: FFYF’s Sarah Rittling on the House Ways and Means Budget Reconciliation Plans
On Monday afternoon, the House Ways and Means Committee released the full text of their bill to reauthorize the Tax Cuts and Jobs Act of 2017 ahead of Tuesday’s markup. …
New Bipartisan, Bicameral Proposal to Make Child Care More Affordable
U.S. Senators Katie Britt (R-AL) and Tim Kaine (D-VA) along with U.S. Representatives Mike Lawler (R-NY) and Salud Carbajal (D-CA) have introduced the Child Care Availability and Affordability Act and …
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