Msmell after Federal Program، Pennsylvania’s new tax credit system for children provides working families in we The state has access to high-quality early childhood education.
In his budget, Governor Tom Wolf Securing $25 million for a Child and Dependent Care Enhancement Program that is expected to help approximately 221,000 families in Pennsylvania.
“Cost should never be a barrier for parents who are looking for an educational, safe, supportive and enjoyable environment for their children while they are at work every day,” said Gov. wolf.
“Because cost is a barrier, our workforce suffers and Pennsylvania’s success is stifled. I wanted to create this statewide childcare tax credit to support our hard-working families, our workforce, our children, and our shared success in this Commonwealth.”
Child and Dependent Care Enhancement Program eligibility and amount limits
Families eligible for the payments will be able to claim the credit when they file their taxes in 2023. Those with incomes less than $43,000 will receive $315 for one child, or $630 for two or more children.
As for families earning more than the stated amount, they will receive $180 per child and $360 if they have two or more children.
“Pennsylvania families deserve our help now more than ever,” said the MP. “With the cost of living rising at all times and with the extraordinary Rainy Day Fund overflowing, now is the time to invest in our families.” Carol Hill Evans.
“In addition to financial support for families and allowing parents to return to work, this will give a boost to the childcare sector, which is still recovering from the pandemic.
“Currently, more than 90 percent of childcare centers are facing a staff shortage. With more families able to afford childcare, these centers will be closer to pre-pandemic attendance levels.”
According to the Economic Policy Institute, the average cost of child care in the state is estimated at about $12,000 per year.
“Quality child care is the most needed and most expensive service for hard-working families,” said Crispus Attucks CEO, Bobby Simpson.
“This new tax credit will go a long way in helping families get good quality child care, and it will be a tremendous help to our local families.”
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