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 …
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 …
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, …
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STATEMENT: FFYF Statement on Proposed FY25 Funding Levels for Child Care and Early Learning Programs
WASHINGTON – This morning, the House Subcommittee on Labor, Health and Human Services, Education, and Related Agencies held a markup on proposed funding levels for child care and early learning …
The First Five Questions For: Caitlin Codella and Liat Krawczyk
In this month’s FFYF’s First Five Questions series – which brings together interesting leaders, experts, and voices together to talk about child care challenges and solutions – Executive Director Sarah …
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