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wyden.senate.gov
The Child and Dependent Care Tax Credit is the largest tax cut for child care on the books today. It saves parents thousands of dollars per year. Republicans have plans to eliminate it.
Eliminate Credit for Child and Dependent Care $55 billion in 10-year savings VIABILITY: HIGH / MEDIUM / LOW Taxpayers can claim a credit for a portion of their child and dependent care expenses (up to $2,100). This option would remove the child and dependent care credit, yielding $55 billion in savings over 10 years.
January 17, 2025 at 8:20 PM