The New 2021 Child Care Tax Credits

The Child Care Tax Credits have been increased for 2021. Congress recently passed the American Rescue Plan stimulus package which provides additional assistance for families with children under age 13 in 2021. The new stimulus package providers larger tax credit to families to help subsidize childcare expenses that they incur in 2021. In this video we will go through:

1) Who is eligible for the child care tax credit
2) New higher tax credit amounts
3) The income limits to qualify for the credits
4) 2020 vs 2021 changes
5) How to claim the tax credits in 2021

Below is a list of our other videos on the recent stimulus package that was passed in March 2021:

New Child Tax Credit With Monthly IRS Payments:

$1,400 Stimulus Checks:

Unemployment Benefits Tax Free Up To $10,200:

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