How the tax code helps with child care

by First Five Years FundBLACKPRESSUSA NEWSWIRE—In the United States, two-thirds of young children live in households where all available parents are working. Meaning child care is essential for families’ ability to stay in the workforce. An effective but often overlooked tool in the federal tax code to help expand access to child care is the Employer-Provided Child Care Credit, known as 45F. This provision supports employers that want to help provide or arrange child care