🌐 Global Economy
Jun 7, 2026
Can a Tax Credit Help Balance Work and Caregiving?
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The Issue:
Paying for the care of children or adult dependents is a significant expense for a large share of working families. To make it easier for families to afford care, the federal government and many states allow families to claim some amount of caregiving expenses and receive a tax credit to reduce tax liabilities. Emerging research finds that increasing the generosity of the Child and Dependent Care Tax Credit increases paid child care use. This suggests that the credit assists at least
Paying for the care of children or adult dependents is a significant expense for a large share of working families. To make it easier for families to afford care, the federal government and many states allow families to claim some amount of caregiving expenses and receive a tax credit to reduce tax liabilities. Emerging research finds that increasing the generosity of the Child and Dependent Care Tax Credit increases paid child care use. This suggests that the credit assists at least
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