Tax Policy Center

Child and Dependent Care Tax Credit

Campaigns, Proposals, and Reforms: TaxVox
I asked some parents to make a choice. Their response was perhaps not what Warren hoped for, given her proposed Universal Child Care and Early Learning Act.
March 6, 2019Renu Zaretsky
Individual Taxes: TaxVox
President Trump, perhaps spurred on by his daughter Ivanka, wants to use the tax code to provide new government assistance to families with children. During...
July 5, 2017Elaine Maag
Individual Taxes: TaxVox
Two tax benefits—the child and dependent care tax credit (CDCTC) and the employer-provided child care exclusion—help families pay for work-related child care, but neither does...
March 23, 2017Elaine Maag
Individual Taxes: TaxVox
Lest you’re worried that Donald Trump doesn’t like babies, he’s come out with a proposal he says will reduce the cost of their care.
August 8, 2016Elaine Maag
Federal Budget and Economy: TaxVox
President Obama proposed three important changes to the way the federal government helps families with child care costs – increase direct subsidies for low-income families, increase tax credits for middle- and higher income families, and simplify the tax code (and offset some of the cost of the
January 22, 2015Elaine Maag
: TaxVox
How do you catch a tax and pin it down? Can governments make corporations “ stay and listen to all they say ?” Treasury Secretary Jack Lew in his Washington Post op-ed called on Congress to immediately stop corporations from lowering taxes by incorporating overseas. Former Treasury official Steve
July 29, 2014Renu Zaretsky
Individual Taxes: TaxVox
The Child and Dependent Care Tax Credit (CDCTC) does not work for low-income families. It fails on three counts – the credit is nonrefundable, covers only a portion of expenses, and comes long after expenses have been incurred. Senators Jeanne Shaheen (D-NH), Barbara Boxer (D-CA), Patty Murray (D-
July 28, 2014Elaine Maag
Federal Budget and Economy: TaxVox
When President Obama proposed his 2015 budget last March, he vowed to cut taxes for working class Americans while making sure high income households pay their "fair share." New Tax Policy Center estimates show that, like it or not, Obama would do pretty much as he promised. Low-income households
July 2, 2014Roberton C. Williams
Individual Taxes: TaxVox
Every year at tax time I am reminded of two tax benefits that subsidize my children’s child care – the employer-provided child care exclusion and...
April 15, 2013Elaine Maag