While the Child Tax Credit has dominated the debate in Washington, there’s another provision with a similar name that provides an even bigger benefit to some parents, thanks to a major expansion pushed through by Democrats
Three-year-old Velle Croft, front, learns to ride her bicycle with the help of her nanny, Karina Quintero, April 10, 2020, in Denver. | David Zalubowski/AP PhotoThere’s a fat tax break for kids, worth thousands of dollars to their parents, but it’s not the one getting all the attention.
That has prompted more than a little finger pointing, with some Democrats complaining the White House has not done enough to publicize the break. Unless something changes, people will only be able to claim the beefed-up credit this filing season. Democrats only approved the expansion on a temporary basis, and efforts to make it permanent have run aground, along with the rest of theirThe break has been overshadowed, and often confused with, the much better-known Child Tax Credit, one of the centerpieces of the Democrats’ agenda.
Some lawmakers complain the administration has all but ignored the provision, even as it aggressively promotes the child credit.Bob CaseyThe White House acknowledges the complaints, but says the administration has been touting the provision, pointing to events in which officials talked it up and a section added to the official childtaxcredit.gov website highlighting the dependent credit.
Until last year, Congress hadn’t made any substantive changes to the dependent care credit since George W. Bush was president. The maximum credit hadn’t been touched since 2001, falling far behind inflation. And the average benefit — which is based on a formula taking into account how much people earn and what they spent on child care — was about $600., where they not only upped the credit but also made it available to many more people.
Low earners are more likely to rely on informal care arrangements rather than paid care, research shows, which isn’t eligible for the credit.
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