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
FFYF Capsule Collection: Tax Policy and Child Care
Millions of American families today are struggling to find the affordable, reliable, quality child care they depend on to go to work. This has a devastating impact on our youngest …
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 …
The First Five Things To Know About: The Federal Tax Code and Child Care
Millions of American families are struggling to find the affordable, reliable, quality child care they depend on to go to work. This has a devastating impact on our youngest learners, …
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Parents Received $1.5K More Under Temporarily Expanded Child Care Tax Credit
WASHINGTON, D.C. – First Five Years Fund’s new analysis of government data has found that previous expansions of the only tax credit designed to offset child care costs saved …
Bipartisan Agreement on the Importance of Child Care Access and Affordability in Senate Finance Hearing
The Senate Finance Committee held a hearing this week to discuss ways to leverage Congressional investments in early learning and child care to better support working families and child care …
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