Affordable Child Care Act doubles tax benefits for child and dependent care.
The Affordable Child Care Act doubles the child and dependent care credit, increasing the maximum credit from $3,000 to $6,000 for one qualifying individual and from $6,000 to $12,000 for two or more. It also doubles the employer-provided childcare credit from $150,000 to $300,000. These changes apply to taxable years beginning after December 31, 2024.
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