Tax Code
Posts
Understanding the Difference Between the Child Tax Credit and the Child and Dependent 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 …
Federal Tax Provisions That Support Child Care
American families depend on affordable, reliable, quality child care to go to work – but this care is often hard to find and too costly. These challenges have a tremendous …
FFYF hosts event with Business Leaders, Reps. Carbajal and Chavez-DeRemer to Talk Tax, Child Care
The First Five Years Fund (FFYF) and Hollis Silverman (founder and owner of Eastern Points Collective) hosted Reps. Salud Carbajal (D-CA) and Lori Chavez-DeRemer (R-OR), child care experts, employers, and …
Rep. Salud Carbajal to Ways And Means: Update Tax Code, Help More Parents Find and Afford Child Care
This week, the House Ways and Means Committee hosted “Member Day,” an annual hearing open to all members of the House of Representatives to come and speak on legislative ideas, …
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, …
Bipartisan Bill Seeks to Leverage Existing Tax Credits to Support Working Parents and Employers in Accessing Child Care
Last week, Rep. Salud Carbajal (D-CA) and Rep. Lori Chavez-DeRemer (R-OR) introduced H.R. 4571, the Child Care Investment Act of 2023, which would enhance three existing tax credits to address …
The First Five Things to Know: The Child and Dependent Care Tax Credit
For millions of working parents with small children, child care is a major expense. It is also a necessary expense, as many parents are unable to work without it. The …
On Its Anniversary, Critical Child Care Tax Provision Needs Updating
The Child and Dependent Care Tax Credit (CDCTC) is the only provision of the tax code specifically created to help parents offset work-related child care expenses. The CDCTC was created …
Ahead Of Tax Day, Critical Child Care Tax Provision Needs Updating
Tax Day 2022 is Monday, April 18th, and while much attention has been paid to the vitally important Child Tax Credit (CTC) in recent years, there’s another critical provision of …
Expanded CDCTC Provides Cost Relief to Families This Tax Season
As tax season kicks into high gear, there is one critical tax credit that is the only credit exclusively that helps parents offset the high costs of child care expenses, …
With Release of Budget Resolution, Child Care and Preschool Should Remain a Top Priority in Reconciliation Package
UPDATE: On Wednesday, August 11th, the Senate voted to approve the budget resolution, setting the stage for Congressional Democrats to craft a sweeping economic package with significant investments in child …
The Expanded CDCTC Would Help More Families Afford Child Care
On Wednesday, the Bipartisan Policy Center (BPC) released a tool designed to help families understand the expanded CDCTC limits that were temporarily expanded for 2021 under the American Rescue Plan …
