Glossary

Child and Dependent Care Credit

What is the Child and Dependent Care Credit?

The Child and Dependent Care Credit is a federal tax credit that allows eligible taxpayers to claim a percentage of work-related expenses they paid for the care of a qualifying child or other dependent. This credit helps families manage the costs of care so they can work or actively look for work.

  1. Glossary Article

Recommended for You

Workforce Renewable Equity Development Credit

The Workforce Renewable Equity Development Credit incentivizes businesses to invest in workforce diversity and renewable energy. By offering tax credits, it encourages sustainable business practices while promoting inclusivity.

Inclusive Workforce Training Credit

The Inclusive Workforce Training Credit offers tax incentives for businesses investing in employee training programs. Learn how it benefits employers and enhances workforce skills.

Custom Software Licensing Deduction

The Custom Software Licensing Deduction is a tax-related allowance for businesses investing in proprietary software for enhanced operations. Understanding its application can lead to significant tax savings.

Child Tax Credit

The Child Tax Credit is a tax benefit for families with qualifying children, designed to reduce their tax burden. It can offer significant financial help.