Maximize Child Care Tax Breaks
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Childcare costs can be a financial burden for many parents, with the child and dependent care credit offering limited relief. This credit covers a percentage of up to three thousand dollars in expenses for one child or six thousand dollars for two or more, depending on income. However, for a family earning sixty thousand dollars with one kid, this might only mean six hundred dollars back. Other breaks like the child tax credit, employer dependent care flexible spending accounts, and education credits can help stretch your dollars. With changes coming in 2026 to boost the credit rate, nows the time to plan smarter for tax season.
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