The child and dependent care credit (CDCTC) is a tax credit that can help offset working families’ child care expenses. It can be claimed on tax returns filed in mid-April, and taxpayers who are paying someone to take care of their children or another member of household while they work may qualify for the credit.
Taxpayers who pay for their child’s or a dependent’s care while they worked or looked for a job may be eligible for a credit on their tax return. If you paid someone to care for a child who was under age 13 when the care was provided and whom you claim as a dependent on your tax return, you may qualify.
To claim the CDCTC, taxpayers must be eligible if they paid a day care center, a qualifying relative, or other qualifying care provider to care for their child or other qualifying individual so that you and/or your family could claim the credit. A bipartisan deal in Congress has been introduced by Senators Tim Kaine (D-VA) and Katie Britt (R-AL) to lower the cost and boost the supply of child care tax credits.
Nearly 300 organizations have urged Congress to lock in tax credits that support children and take a strong stand on securing the remarkable gains they make. The bipartisan agreement was reached by Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason T.
To claim the credit, taxpayers must complete Form 2441, Child and Dependent Care Expenses, and include the form when filing their Federal income tax return. Representative Val Demings (D-FL-10) introduced the Child and Dependent Care Tax Credit Improvement Act of 2017 (H.R. 2238).
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