Child’s Future
Tax Credits, Programs,
& Discounts Lower Costs
Support Your
Child’s Future
Tax Credits, Programs, & Discounts Lower Costs
Preschool & Child Care Center Serving Arlington & Tyler, TX
We’re Here To Help With Accessible Child Care
Child care is one of your biggest priorities, and you want to be sure your child is getting the very best start. There are several options available to help you offset the cost of care, and we’ve made it easy to learn about them.
Take A Look At Your Options Now:
A tax credit is even more valuable to families than a tax deduction! It’s a dollar-for-dollar reduction in the taxes you owe. Some credits are refundable—reducing taxes otherwise owed to zero and getting a refund.
NEW federal tax benefits:
The American Rescue Plan Act of 2021 enhanced the benefits of families with children and child care specifically. The details of the new benefits can be hard to understand, so we’re here to break it down.
Under current federal law, eligible families can claim 2021 child care tax credits up to the following maximum amounts:
- $8,000 from the federal Child and Dependent Care Tax Credit (up to $4,000 for each of your first two children). For 2021, this is a refundable credit.
- $6,728 from the federal Earned Income Tax Credit.
- $3,600 per child under six (as of December 31, 2021) and $3,000 for children 17 or younger (as of December 31, 2021) from the federal Child Tax Credit (these amounts were permanently enacted into the law).
There are rules for these federal tax credits, so please speak to your tax advisor about how they apply to your family. In the meantime, this child care tax credits calculator is a quick tool for a broad estimate.
State tax benefits:
Each state offers different tax credits to offset the cost of child care. See what benefits might be available to you in Texas.
If your family needs help with tuition, there are state and local agencies to provide tuition subsidies. This map is a great starting point for finding the financial assistance resources available.
We proudly accept applications from The Texas Workforce Commission so your little one gets the headstart they deserve. Click here to see if you qualify.
More and more employers add child care benefits to their employee compensation packages because it’s hard to do your job without reliable child care!
Talk with your employer or your HR department about whether they offer child care benefits and how to use them.
Pay your child’s tuition in 1 annual or 2 semi-annual installments to receive a discount on your yearly costs.
If you’re part of a private-pay family, you receive 1-week’s free tuition for every time a you refer a family that enrols for a month.
When families stick with us for more than one child’s care and education, that loyalty goes both ways! If you enroll more than one child with us, you enjoy 10% off of your oldest child’s tuition.
Families involved in the U.S. Military, U.S. Coast Guard, U.S. Customs and Border Protection, U.S. National Park Services, and U.S. General Services Administration receive a 10% discount via Child Care Aware. Call us to see if you qualify.
If you don’t see answers to your questions about making child care costs easier, call us or drop in for a chat.