Employer Provided Child Care Credit – 45F
Overview
Employers rely on affordable, quality child care to support a robust workforce – but it’s often out of reach for too many working parents. The Employer-Provided Child Care Credit (45F) encourages businesses to provide child care to their employees by offering companies a tax credit to help cover some of the associated costs of child care.
This includes costs associated with purchasing, building, or updating property that can be used as a child care facility, and for the operating costs, including supporting child care professionals through training, scholarships, and wages.
45F helps businesses share the expense of child care with employees. Reforming 45F would allow this tax credit to better support businesses and parents.
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Resources
FFYF Capsule Collection: Tax Policy and Child Care
With two-thirds of children ages five and under living in homes where all available parents are working, child care is not optional for most families – it’s essential. Child care-related …
Employer-Provided Child Care Credit (45F): Overview
Millions of American families are struggling to find quality, reliable, affordable child care they can depend on. This is having a devastating impact on our youngest learners, working families, and …
Bipartisan Bill Seeks to Leverage Existing Tax Credits to Support Working Parents and Employers in Accessing Child Care
Last week, Rep. Salud Carbajal (D-CA) and Rep. Lori Chavez-DeRemer (R-OR) introduced H.R. 4571, the Child Care Investment Act of 2023, which would enhance three existing tax credits to address …
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