The Child and Dependent Care Credit: Impact of Selected Policy Options

Crandall-Hollick, Margot L. ; Falk, Gene

Library of Congress. Congressional Research Service.

关键词: Tax credits;    Tax reform;    Day care;   

RP-ID  :  R45035
RP-ID  :  R45035_2017Dec05

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report first briefly summarizes key components of the child and dependent care tax credit (CDCTC), including reviewing eligibility requirements and how the credit is calculated.It also provides an overview of some characteristics of recipients and analyzes four potential selected policy changes: (1) making the current credit refundable, (2) converting the credit to a deduction, (3) increasing the credit rate, and (4) increasing the amount of qualifying expenses.