child care tax credit

Two girls smile at each other while sitting at a table with ice cream in waffle bowls, a glass of juice, and toppings, enjoying the carefree moments that quality child care provides.

How to Use Tax Credits for Child Care Expenses

You finally found that perfect nanny or babysitter to care for your kids. Congratulations! But the work isn’t done yet. Did you know that hiring a caregiver comes with tax and payroll responsibilities? While most families are excited to find someone to help care for their little ones, the euphoria sometimes quickly disappears when they […]

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Four young children and two adults sit around a green table, playing with colorful toys, creating a scene that emphasizes the importance of dependent care credit for families.

The Child and Dependent Care Credit Explained

The Child and Dependent Care Credit became permanent starting with the 2012 tax year – giving working individuals with kids and other dependents a major way to offset their childcare and dependent care expenses. The Dependent Care Credit allows you to deduct up to 35% of your childcare bills, up to a maximum of $6,000.

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