{"id":655,"date":"2021-10-09T18:22:22","date_gmt":"2021-10-09T18:22:22","guid":{"rendered":"http:\/\/childrensacademy.mysites.io\/?p=655"},"modified":"2022-03-11T19:16:37","modified_gmt":"2022-03-11T19:16:37","slug":"childcare-subsidies-you-need-to-know-about","status":"publish","type":"post","link":"https:\/\/childrensacademylouisville.com\/childcare-subsidies-you-need-to-know-about\/","title":{"rendered":"Childcare Subsidies You Need to Know About"},"content":{"rendered":"<p>It&#8217;s a well-known fact that childcare is expensive. However, there are several helpful childcare subsidies that ease your financial load so you can afford the best care for your child!<\/p>\n<h3><b>Child Tax Credit<\/b><\/h3>\n<p>You become eligible for the child tax credit as soon as your child is born. A $3,600 tax credit is given for children under 6 years old and a $3,000 tax credit for every child under the age of 18. There are several factors that impact your eligibility, but you can determine your eligibility with a <a href=\"https:\/\/www.irs.gov\/help\/ita\/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents\">10-minute eligibility screen<\/a>.<\/p>\n<h3><b>Child and Dependent Care Tax Credit<\/b><\/h3>\n<p>Working families are eligible for the <a href=\"https:\/\/www.care.com\/homepay\/use-the-child-care-tax-credit-to-save-on-your-2021-taxes-20170907161448\">Child and Dependent Care Tax Credit.<\/a> Using the <a href=\"http:\/\/www.irs.gov\/uac\/Form-2441,-Child-and-Dependent-Care-Expenses\">IRS Form 2441<\/a>, you can itemize up to $8,000 in childcare expenses per child. This gives you $1,600 in tax savings per child.<\/p>\n<h3>Child Care Assistance Program (CCAP)<\/h3>\n<p>The Kentucky Division of Child Care started CCAP so children could receive quality child care while their parents work. There are <a href=\"https:\/\/chfs.ky.gov\/agencies\/dcbs\/dcc\/Documents\/ccapflyer42021.pdf\">basic eligibility requirements<\/a> you and your child must meet, but enrollment is easy to complete. You can take a prescreening tool or apply for benefits <a href=\"https:\/\/kynect.ky.gov\/benefits\/s\/program-page?language=en_US&amp;program=CC\">here<\/a>.<\/p>\n<h3>Dependent Care Account<\/h3>\n<p>Some jobs offer a <a href=\"https:\/\/www.care.com\/hp\/use-a-dependent-care-account-to-lower-your-2021-in-home-care-expenses\">Dependent Care Account<\/a>. This allows you to put aside $10,500 in pre-tax dollars that you put towards childcare. A Dependent Care Account varies depending on your employment. For more information, contact your Human Resources department to see if you qualify and how to enroll.<\/p>\n<p>Using one or more of these subsidies can significantly cut your childcare expenses so you can afford the quality care and preschool your child deserves.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-582 aligncenter\" src=\"https:\/\/childrensacademylouisville.com\/wp-content\/uploads\/2021\/06\/cropped-CHILDRENS-ACADEMY-Logo-min-300x61.png\" alt=\"\" width=\"300\" height=\"61\" srcset=\"https:\/\/childrensacademylouisville.com\/wp-content\/uploads\/2021\/06\/cropped-CHILDRENS-ACADEMY-Logo-min-300x61.png 300w, https:\/\/childrensacademylouisville.com\/wp-content\/uploads\/2021\/06\/cropped-CHILDRENS-ACADEMY-Logo-min.png 595w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Children&#8217;s Academy Childcare and Preschool is proud to offer an <a href=\"https:\/\/app.funnydaffer.com\/how-it-works\">outstanding curriculum<\/a> that is educational, fun, and prepares your child for kindergarten per state <a href=\"https:\/\/childrensacademylouisville.com\/wp-content\/uploads\/2021\/06\/Funnydaffer-Educational-Standards-for-Web-Packet.pdf\" target=\"_blank\" rel=\"noopener\"><u>educational standards<\/u><\/a>.<\/p>\n<p>If you&#8217;re looking to give your child a head start in school, <a href=\"https:\/\/childrensacademylouisville.com\/contact-us\/\">contact Children&#8217;s Academy Childcare and Preschool<\/a> today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s a well-known fact that childcare is expensive. However, there are several helpful childcare subsidies that ease your financial load so you can afford the best care for your child! Child Tax Credit You become eligible for the child tax credit as soon as your child is born. A $3,600 tax credit is given for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Childcare Subsidies You Need to Know About - Children\u2019s Academy Childcare &amp; Preschool<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/childrensacademylouisville.com\/childcare-subsidies-you-need-to-know-about\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Childcare Subsidies You Need to Know About - Children\u2019s Academy Childcare &amp; Preschool\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s a well-known fact that childcare is expensive. 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