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Policy Priority
THE TAX CODE

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.

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Resources

Resource

FFYF Capsule Collection: Tax Policy and Child Care

June 7, 2024

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 …

Resource

Understanding the Difference Between the Child Tax Credit and the Child and Dependent Care Tax Credit ⁠— and Why We Need Both

December 1, 2023

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 …

Resource

The First Five Things To Know About: The Federal Tax Code and Child Care

September 12, 2023

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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Updates

News

Bipartisan Agreement on the Importance of Child Care Access and Affordability in Senate Finance Hearing

July 11, 2024

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 …

US Capitol building
News

STATEMENT: FFYF Statement on Proposed FY25 Funding Levels for Child Care and Early Learning Programs

June 27, 2024

WASHINGTON – This morning, the House Subcommittee on Labor, Health and Human Services, Education, and Related Agencies held a markup on proposed funding levels for child care and early learning …


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