TALKING POINTS: The Child and Dependent Care Tax Credit

THE ASK TO STAFFERS

• Please urge your Boss to support efforts to modernize the Child and Dependent Care Tax Credit as part of any tax legislation this year. 

TOP THREE POINTS TO MAKE

• The Child and Dependent Care Tax Credit (CDCTC, also known as the Family Care Credit) is the only tax credit that specifically helps working parents offset the cost of child care but it hasn’t been updated since 2001 – more than 20 years! – so it has not kept up with the cost of child care.
• With major provisions of the Tax Cuts and Jobs Act of 2017 expiring in 2025, Congress has a prime opportunity to make changes to the CDCTC this year to better support working families with small children.
• This is a win/win/win. Making child care more affordable and accessible for families with little ones not only provides young children with vital opportunities to learn and grow, it also strengthens family finances, supports a thriving workforce, and boosts the economy.