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The effects of the Child and Dependent Care Tax Credit on child care affordability: The basics

Description:

This fact sheet provides general information about how the Child and Dependent Care Tax Credit (CDCTC) works, including recommendations for key changes and 2018 data about recipient income. A chart compares the current CDCTC structure with changes made under the 2021 American Rescue Plan.

Resource Type:
Fact Sheets & Briefs
Author(s):
Bipartisan Policy Center
Publisher(s):
Bipartisan Policy Center
Country:
United States

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The effects of the Child and Dependent Care Tax Credit on child care affordability: How temporary changes to the Child and Dependent Care Tax Credit will affect child care affordability in 2021 and how we can think about improving the tax credit for the long term

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