EAJK Grantee Helps Families Learn About American Rescue Plan Child Care Tax Credits
While many families have received payments for the child tax credit, nearly 50% aren’t aware they can claim another tax break on child and dependent care expenses through a recent federal stimulus plan, according to a survey conducted by Esther A. & Joseph Klingenstein Fund grantee Bipartisan Policy Center.
“The changes made by the American Rescue Plan stand to have an enormous impact on families and their childcare expenses,” said Linda Smith, director of the Bipartisan Policy Center’s early childhood initiative.
Families can estimate their tax benefits using an online calculator created by the Policy Center.
Read more at CNBC.