Recent Expansions to the Child And Dependent Care Tax Credit

Research Report

Recent Expansions to the Child And Dependent Care Tax Credit

October 27, 2003

Abstract

The Child and Dependent Care Tax Credit (CDCTC) provides tax relief to those who are working or are looking for work and are paying for the care of children under age 13, a disabled spouse, or other dependent. The credit equals a percentage of qualified expenses up to a cap. To qualify for the credit, the person must have earned income. This article will focus on recent expansions to the Child and Dependent Care Tax Credit.

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