Child Tax Credit
Overview
The Child Tax Credit (CTC) helps qualifying parents with children under the age of 17 offset the cost of everyday household expenses.
CTC is designed to ensure that the tax code reflects the fact that families have more expenses and less disposable income than individuals and couples with the same income who don’t have children. Parents can use this credit for any expense, even those unrelated to the cost of raising children.
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 …
Understanding the Difference Between the Child Tax Credit and the Child Care Tax Credit — and Why We Need Both
Child care is not a luxury for American families – it’s a necessity. Yet the high costs associated with quality child care are rapidly out-pacing most other expenses faced by …
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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Senate Appropriations Committee Reviews Biden Administration’s Emergency Domestic Supplemental Request, Highlighting Ongoing Child Care Challenges
On Wednesday, November 8, the Senate Appropriations Committee held a hearing to discuss President Biden’s FY24 supplemental funding request. As part of the three-hour hearing, Homeland Security Secretary Alejandro Mayorkas …
STATEMENT: First Five Years Fund’s Sarah Rittling on White House Effort To Prioritize Child Care
The White House has called on Congress to prioritize funding for child care and early learning programs. The following is a statement from First Five Years Fund Executive Director Sarah Rittling …
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