Child and Dependent Care Tax Credit in 2021

As we find ourselves in the second quarter of the new year and in the thick of (extended) tax season, we will take the next few weeks to share some helpful updates regarding child and dependent care tax credit for 2021. These include temporary enhancements, increase in eligible expenses, changes to the “applicable percentage,” and effects on high-earning taxpayers. Stay tuned for a brief on each topic to be released over the next four weeks.