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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Does Your State Have a Child and Dependent Care Tax Credit?

Wooden kids toys on colourful paper. Educational toys blocks, pyramid, pencils, numbers. Toys for kindergarten, preschool or daycare.

Across the nation, millions of parents and individuals struggle to afford quality care for their loved ones while juggling work or school.

The federal child and dependent care tax credit (CDCTC) is designed to offset the cost of child and dependent care for low- and middle-income households. The credit can help families recover some caregiving expenses that allow parents or guardians to work or search for work.

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