Child care solutions for families and businesses are on the table for the NC General Assembly's long session in 2025.

This template is perfect for businesses that need to charge and track taxes. It includes fields for tax rates and automatically calculates the total tax amount. A proforma invoice is a preliminary ...

Day care owner and mom Kristi Thompson is upset her youngest child, who is 8 years old, won't qualify for the tax credit, which is limited to children aged six years or younger. “It would help ...

The current array of tax benefits for families is too complex, and it favors some familial arrangements, such as full-time work and paid child care ... to include 17-year-olds, who are children ...

We’ll cover the maximum the credit is worth for the 2024 tax year, the criteria ... What’s the difference between the child tax credit and the child and dependent care credit?

Currently, the child tax credit gives families a $2,000 discount on their tax bill for every child under the age of 17 in their care ... a plan that would provide monthly payments instead of ...

Starting this year, county leaders are aiming to expand existing child care services and lower the wait time for families who ...

A historic 2025 tax debate formally kicked off this week with the House Ways and Means committee convening for the first time this year to begin ... every taxpayer: the child tax credit (CTC).

In addition to the child and family tax credit, the tax package included other credits and rate changes that went into effect in 2023 but still apply this year. These include an increase to the r ...

The Child Tax Credit was also expanded to include 17-year-olds under former President ... It was critiqued by the childcare advocacy group Child Care Aware of America (CCAA) for not considering ...

potentially reducing their tax liability. To be eligible for the CTC, the child must be under 17, reside with the taxpayer for at least six months during the year, and meet specific dependency ...

“For many families across the country, the child tax credit is a valuable tax benefit that leaves more money in their bank account each year, which is particularly helpful in offsetting the ...