New law tax break may make child care less expensive

March 23, 2021 / by Brett Hess / Deadlines, Newsletter, Small Business, Tax, Uncategorized

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be gainfully employed. Note that a credit reduces your […]

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