West Virginia SB169 creates a tax credit for childcare expenses based on federal tax return claims.

West Virginia SB169 introduces a tax credit for resident individuals claiming childcare expenses on their federal tax return. The credit amount varies based on the individual's federal adjusted gross income, ranging from 50% for incomes of $30,000 or less, to 20% for incomes between $45,001 and $65,000. Individuals with incomes over $65,000 are ineligible for the credit.

West Virginia SB169 creates a tax credit for childcare expenses based on federal tax return claims.

West Virginia SB169 introduces a tax credit for resident individuals claiming childcare expenses on their federal tax return. The credit amount varies based on the individual's federal adjusted gross income, ranging from 50% for incomes of $30,000 or less, to 20% for incomes between $45,001 and $65,000. Individuals with incomes over $65,000 are ineligible for the credit.