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A tax credit is even more valuable to families than a tax deduction! It’s a dollar-for-dollar reduction in the taxes you owe. Here is a useful breakdown of what these credits look like for 2024.  Under current federal law, eligible families can claim child care tax credits for up to the following maximum amounts:   

• $2,100 from the federal Child and Dependent Care Tax Credit for two or more dependents or $1,050 for one dependent. 
• $6,935 from the federal Earned Income Tax Credit.  
• $2,000 per child for children up to 16 years of age from the federal Child Tax Credit. 

For all three of these federal tax credits, there are rules and limitations, so please speak to your tax advisor about how these benefits apply to your family. Additionally, your tax advisor can help make sure you have received all available 2023 benefits when you file your tax return, which is due by April 15, 2024.

Your state might offer its own tax credits to offset the cost of child care. See what benefits might be available to you in your state! 

If your family needs help with tuition, we partner with state and local agencies to provide tuition subsidies where we can. Since all state laws are different, the way we do this varies by state, county, and/or community.  Visit Child Care Aware's map to explore additional resources that could provide you with financial assistance in your state.  

We also have subsidy coordinators standing by who can work with your center director to discuss potential tuition solutions for your family. Give them a call at 1-888-525-2780.

As one way to thank you for your service, we’re proud to support U.S. Military, U.S. Coast Guard, U.S. Customs and Border Protection, U.S. National Park Services, and U.S. General Services Administration families with child care assistance. 

We've partnered with Child Care Aware® of America to offer you fee assistance if you’re an eligible active-duty military family, and a solution to address your child care needs if on-base child care isn't available.

We would love to hear from you and answer any questions you may have about our programs and services. Contact us today to schedule a tour or to learn more about how we can support your child's early learning journey.