maximize your childcare tax credit: a financial lifeline for working families


maximize your childcare tax credit: a financial lifeline for working families

The childcare tax credit, a tax break provided by the government, reduces the financial burden of childcare expenses for working families. For instance, a family with two children in daycare could save hundreds of dollars annually using this credit.

Enacted in 1997, the childcare tax credit has assisted countless families in covering the rising costs of childcare. Its benefits extend beyond financial relief, contributing to increased workforce participation among parents and better developmental outcomes for children.

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