Educational age appropriate programming.
Highly trained teachers educated in early childhood education.
Extremely low staff turnover.
Nutritious lunch and snacks.
And for infants, tuition may include diapers and wipes.
The recent stimulus package passed by the federal government has three significant tax provisions that can have a positive impact on families like yours. In these challenging times, your child’s education is more essential than ever. Caring for them—and preparing them for school—is our community service. We wanted you to be aware of these opportunities, so you could plan your child care needs accordingly.
These tax credits and FSA changes will impact every family differently. As we are not tax professionals, we cannot advise you on the specific impact to your family. It’s best to consult with a tax professional or preparer (tax preparation software will also have information). Or visit irs.gov to learn more.
The Child and Dependent Care Tax Credit (CDCTC) is a federal tax credit that can help families off-set the cost of child care. Previously, families earning $43,000 or less could claim up to $3,000 for one child and $6,000 for two children. This benefit has been increased. For 2021, families earning up to $125,000 can claim refundable credits up to $4,000 for one child and $8,000 for two children, and families earning between $125,000 and $400,000 can claim a portion of the credit. These tax credits are based on your household’s adjusted gross income and credit a portion of expenses up to 50%.
In addition, many employers offer a Dependent Care Flexible Spending Account (FSA) that allows you to set aside pre-tax dollars for child care costs. The new stimulus bill increases this year’s allowable amount that can be set aside from $5,000 to $10,500.
Financial assistance may be available to help lower income families pay for child care, allowing parents to focus on work or school knowing their child is in a healthy, caring environment.
Tuition is due on a weekly basis. Your payment will be made through ProCare, our online resource for organizing and managing financial commitments and personal information. ProCare makes it easy to:
Sending your child to our infant daycare is not only a way to get the care coverage needed, it’s a way to help your young one develop to their fullest potential. When you enroll your child with Adventures in Learning, they will truly thrive. Set up your tour with our daycare center today!