August 28, 2019
Excerpt: "Starting in the 2021 tax-year, the credit would also be available for eligible families through regular advance payments during the year, helping parents better manage child care expenses as they are incurred.
The CARE tax credit will be on top of the existing Child Care Expense Deduction (CCED) and focus support to low- and moderate-income families. The CARE tax credit will provide about $1,250 per family, on average, in new child care support to about 300,000 families. The maximum amount available will be higher for families with a child dealing with a severe disability, with no age restrictions."
The CARE tax credit will be on top of the existing Child Care Expense Deduction (CCED) and focus support to low- and moderate-income families. The CARE tax credit will provide about $1,250 per family, on average, in new child care support to about 300,000 families. The maximum amount available will be higher for families with a child dealing with a severe disability, with no age restrictions."