Reduce The Cost Of Quality Care

Reduce The Cost

Of Quality Care

Support & Guidance On The Options Available To You

PRESCHOOL & CHILD CARE CENTER SERVING PHILADELPHIA, PA

Help Is On Hand For Families Like Yours

Child care is one of your biggest priorities, and you want to be sure your child is getting the very best start. There are several options available to help you offset the cost of care, and we’ve made it easy to learn about them.

Help Is On Hand For Families Like Yours

Take A Look At Your Options Now:

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. Some credits are refundable—reducing taxes otherwise owed to zero and paying a refund. NEW federal tax benefits: The American Rescue Plan Act of 2021 enhanced the benefits of families with children and child care specifically. The details of the new benefits can be hard to understand, so we’re here to break it down. Under current federal law, eligible families can claim 2021 child care tax credits up to the following maximum amounts:
  • $8,000 from the federal Child and Dependent Care Tax Credit (up to $4,000 for each of your first two children). For 2021, this is a refundable credit.
  • $6,728 from the federal Earned Income Tax Credit.
  • $3,600 per child under six (as of December 31, 2021) and $3,000 for children 17 or younger (as of December 31, 2021) from the federal Child Tax Credit (these amounts were permanently enacted into the law).
There are rules for these federal tax credits, so please speak to your tax advisor about how they apply to your family. In the meantime, this child care tax credits calculator is a quick tool for a broad estimate.

If your family needs help with tuition, complete the Pre-K Counts Enrollment or explore other childcare subsidies available from state and local agencies.

If you don’t see answers to your questions about making child care costs easier, call us or drop in for a chat.

How Old Is Your Child?

Toddlers

1 - 2 Years

Pre-k

3 - 4 years

Pre-K Counts

3 - 5 years

K-4

4 - 5 years

School Age

5 - 13 years