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March 2009 » Using Childcare Tax Benefits in...
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Robert Cherry, PhD
The federal and New York State tax codes are designed to support working parents. Some of these tax provisions are related to the number of resident children, while others are related to childcare expenses. Two of the most important benefit programs are the Earned Income Tax Credit (EITC) and the programs that subsidize childcare expenses. (The EITC program that affects adults 25 years and older who have no custodial children is beyond the scope of this article.) It is important for tax preparers to understand how these federal programs interact with New York State tax law, especially with respect to single mothers with modest incomes.
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