Section 9603 (Child and Dependent Care Tax Credit)
GPTKB entity
Statements (17)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
United States federal tax provision
|
| gptkbp:amendedBy |
gptkb:Child_and_Dependent_Care_Tax_Credit
|
| gptkbp:benefit |
taxpayers with child or dependent care expenses
|
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code
|
| gptkbp:dateEnacted |
2021
|
| gptkbp:fiscalYear |
2021
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 9603 (Child and Dependent Care Tax Credit)
|
| gptkbp:improves |
maximum credit amount
|
| gptkbp:increasesCreditPercentage |
up to 50%
|
| gptkbp:intendedUse |
provide financial relief for families with child care costs
|
| gptkbp:makesRefundable |
gptkb:Child_and_Dependent_Care_Tax_Credit
|
| gptkbp:partOf |
gptkb:American_Rescue_Plan_Act_of_2021
|
| gptkbp:phasesOut |
credit for higher incomes
|
| gptkbp:raisesExpenseLimit |
$16,000 for two or more children
$8,000 for one child |
| gptkbp:bfsParent |
gptkb:American_Rescue_Plan_Act
|
| gptkbp:bfsLayer |
5
|