Employer-Provided Child Care Credit (45F): Overview
The Employer-Provided Child Care Credit, also known as 45F, is one way to address the needs of both working parents and employers. Under 45F, employers receive a tax credit for helping employees access child care. Participating businesses can provide child care onsite or contract with local child care facilities; they can also work with third-party “intermediaries” to contract with one or more qualified child care facilities or providers.
In this way, more employers taking advantage of 45F may help to increase the number of child care slots available in their communities. Learn more below:
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