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 …
The First Five Things To Know About: The Federal Tax Code and Child Care
Child care is not a luxury for American families – it’s a necessity. Yet the high costs associated with quality child care are rapidly outpacing most other expenses, including the …
The Child Tax Credit and the Child and Dependent Care Tax Credit — Understanding the Difference
The Child and Dependent Care Tax Credit and the Child Tax Credit support families in very different ways. Families need both. Child care is not a luxury for American families …
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STATEMENT: FFYF’s Sarah Rittling on $500M in Disaster Relief for Child Care
Friday night, the U.S. House of Representatives passed legislation to avert a government shutdown and provide emergency aid. The Further Continuing Appropriations and Disaster Relief Supplemental Appropriations Act would keep …
Letter to Incoming Administration Urging Expansion of CDCTC
First Five Years Fund (FFYF) and 127 national and state organizations have sent a letter to President Elect-Trump urging his administration to work with Congress and support working families’ access …
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