Child care costs far outpace wages, but dependent care tax credit stuck at 2001 rate ...Middle East

A bipartisan bill introduced in Congress last July to expand the child and dependent care tax credit, which is meant to offset the cost of child care for working families, has not yet had a hearing. (Getty Images)The U.S. House of Representatives voted overwhelmingly Wednesday evening to assist low-income families through an expansion of the child tax credit and the bill now awaits approval in the Senate. But some organizations are also highlighting a separate tax credit for child and dependent care, which they say is not providing adequate assistance to families and providers amid rising costs. The National Association of Tax Professionals supports expansion of the child and dependent care

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Child care costs far outpace wages, but dependent care tax credit stuck at 2001 rate ...Middle East

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