The rising costs of child and elder care is one of the largest expenses faced by families. How effective is the Child and Dependent Care Tax Credit at helping people afford care, and what reforms could make it more accessible? @gabriellepepin.bsky.social explains econofact.org/can-a-tax-cr...
The Child and Dependent Care Tax Credit can increase the use of paid child care, and promote labor force participation among secondary earners.
