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 …
Child Care and the Federal Tax Code
Millions of families across the United States need child care. Yet for too many, child care is hard to find and even harder to afford. Congress can lead the way. …
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 …
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Updates
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New Poll: GOP Voters Call on Congress, White House to Act on Child Care
In the 2024 election, voters made it clear that child care challenges were causing a serious strain on family finances, workplace productivity, and the economy as a whole. They want …
Statement: FFYF on the Committee Passage of the Small Business Child Care Investment Act
Today, First Five Years Fund Executive Director Sarah Rittling released the following statement after the Senate Committee on Small Business and Entrepreneurship passed Senators Joni Ernst (R-IA) and Jackie Rosen’s …
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