Tax credits for childcare
To help families with childcare too, the new stimulus bill includes a childcare tax credit for families with children under age 13. This means families could receive a total of up to $4,000 for one child, or $8,000 for two or more children.
Families with an annual income below $125,000 are eligible for the credit, which is also refundable. Families with an annual income between $125,000 and $400,000 will receive less. The relief plan also includes requests for the US Congress to provide funds for childcare centers, better wages and benefits for childcare workers.
