Podcasts about dependent care tax credit

U.S. Senators Tim Kaine (D-VA) and Katie Britt (R-AL) have introduced legislation designed to make childcare more affordable and accessible. The Child Care Availability and Affordability Act proposes several measures to achieve those goals, including increasing the size of the Child and Dependent Care Tax Credit (to ,500 for families with one child and ,000 for those with two) and making it refundable. The proposal also would establish a competitive grant program that would encourage states and other localities to adopt or expand pay supplement programs for childcare workers. And, it would strengthen the Dependent Care Assistance Program to allow...Article LinkSupport the Show.

Gov. Tony Evers (D) signed a bill allowing the expansion at a ceremony in Waukesha on Monday.

Today, I'm sharing important details about the Child and Dependent Care Tax Credit and how you can use it during the summer months when sending your children to summer camp.    I'm also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.    Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you.    Also mentioned in today's episode:    What is the Child and Dependent Care Tax Credit? 1:00 Tax credit vs. deduction 6:44 What qualifies for this credit and how much can you claim? 9:56 If you enjoyed this episode, please rate, review and share it!    Links: VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/  

If you paid for someone's care this year — either a child or an adult — you may be eligible for the Child and Dependent Care Tax Credit which could put money back in your pocket at tax time! In part 6 of our series, “The 10 Most Overlooked Tax Deductions,” see if you qualify!.

Although we are slowly coming out of the pandemic, nobody knows when it will be over, especially with the delta and lambda variants out there. People are still hurting economically, especially couples with children. Even if they're back to work, childcare costs can really eat into the increased income. That's why in this episode of the podcast I wanted to talk about two tax breaks for families that can really ease the financial burden until we are fully out of the pandemic. Whether you need the money up front, in a big refund, or in a tax credit, these breaks can help! In this episode you will learn: How the Enhanced Child Tax Credit can help you How to get the money if you don't file a tax return Why you may want to opt out How to leverage the Child and Dependent Care Tax Credit

How the American Families Plan can improve 90% of West Virginian kids' livesIn Segment 1, Congress is returning to Washington on Monday, July 12, and Seth DiStefano, the Policy Outreach Director at the West Virginia Center of Budget and Policy, discusses why Congress should prioritize the American Families Plan. In July, families with children will begin to see checks as part of the refundable tax credit passed earlier in 2021. According to White House officials, “The American Families Plan will extend key tax cuts in the American Rescue Plan that benefit lower- and middle-income workers and families, including the Child Tax Credit, the Earned Income Tax Credit, and the Child and Dependent Care Tax Credit.”DiStefano says these checks can help improve the lives of 90% of West Virginian kids. How do we solve West Virginia's hunger problem?In Segment 2, Caitlin Cook, Director of Advocacy and Public Policy at Mountaineer Food Bank, discusses food insecurity in West Virginia and how a bipartisan group may be the solution to solving the problem. According to Cook, 1 in 5 children in West Virginia goes to school without a meal in their stomachs. Recently, House Speaker Roger Hanshaw (R-Clay) created a working group to deal with food insecurity. It's a bipartisan group of republicans and democrats. Cook says this group is “…an amazing opportunity for the state and the people.” Cook explains that hunger is the root of many issues within West Virginia, such as unemployment and substance abuse disorder. “I am also hopeful out of this working group that we can get things like community food hubs that provide the holistic approach. We can strengthen the safety like snap that do a better job at feeding people than the food bank.”13 News Reporter Erin Noon shares her own experience with COVID-19In Segment 3, 13 News Reporter Erin Noon discusses her experience contracting COVID-19. Noon says two weeks before she was eligible to receive the COVID-19 vaccine, she contracted the virus. “All of a sudden, I started feeling symptomatic…The cough was probably my worst symptom, to be honest. And then that night — well, I got tested, and it came back positive, so I was pretty shaken up just trying to stay calm and everything.” - Erin Noon, 13 News ReporterNoon says she then began vomiting throughout the night and eventually drove herself to the emergency room. She says because of COVID-19, her body went into diabetic ketoacidosis, a severe complication of diabetes that occurs when your body produces high levels of blood acids called ketones. The condition develops when your body can't make enough insulin. Noon is a Type 1 diabetic. She spent two days in the Intensive Care Unit. Noon encourages young people to get the COVID-19 vaccine. “if you have any doubt in your mind, I mean, this could really take a toll on your health, on the people around you, as well. It's a really scary thing. So I am saying if you have any kind of hesitancy, go out and get that vaccine.”West Virginia man shares his COVID-19 near-death experienceIn Segment 4, Luke Farley, the Secretary-Treasurer and Legal Counsel for the Teamsters Union, shares his experience with COVID-19 and how he nearly died from the virus a year ago. Farley says he caught the virus and ended up in the hospital, in the intensive care unit for two weeks and was put on high-flow oxygen and almost died. “I couldn't walk from me to you [referring to Mark Curtis in the studio] and I would just be out of breath. I ended up with pneumonia, and it was just horrible.”

The American Rescue Plan Act of 2021 was signed into law last week. It is another large effort, weighing in at approximately $1.9 trillion, to send aid to the American people.In this episode I discuss:Recovery rebates (i.e. stimulus checks)Child Tax Credit enhancementsChild & Dependent Care Tax Credit enhancementsand more!You can view the full show notes by clicking the link below:https://building-stewards.captivate.fm/episode/key-provisions-of-the-american-rescue-plan-act-of-2021

f you paid for someone’s care this year – either a child or an adult – you may be eligible for the Child and Dependent Care Tax Credit — which could put money back in your pocket at tax time! In part 6 of our series “The 10 Most Overlooked Tax Deductions” see if you qualify!

Equal pay for equal work, Paid Family leave, Child and Dependent Care Tax Credit, Net Metering, and much more.  Join State Senator Shelli Yoder and Deb Chubb to talk about some of the bills being introduced in the State Senate.

Details and Analysis of Democratic Presidential Nominee Joe Biden's Tax Plan. Money Not Math 91 Have you considered how his tax plan could affect your business and future retirement planning? Some of the highlighted details= è Raise tax revenue by ~$3.3 trillion over the next 10 years. è Reduce the United States GDP by 1.62%. è Reduce the top 1% of taxpayer's after-tax income by about 7.7%. è Reduce the after-tax income of all other taxpayers by about 1.9% on average. è 542,000 less full-time equivalent jobs. è Eliminates step-up in basis for capital gains taxation. è Almost doubles capital gains tax rates by increasing them to normal income tax rates with a maximum of 39.6% from the current maximum capital gains tax rate of 20%. è Imposes a 12.4% social security payroll tax on income earned above $400,00. è Reverts the top individual income tax rate for taxable incomes above $400,000 from 37% to 39.6%. Also affecting capital gains tax rates that will be raised to ordinary income tax rates. è Expands the Child and Dependent Care Tax Credit up to $8,000/ child (maximum $16,000). Also adds additional tax credit opportunities for individuals and businesses. è Increases the corporate income tax rate from 21% to 28%. YouTube: https://youtu.be/h8hftItAsdI Article referenced, https://taxfoundation.org/joe-biden-tax-plan-2020/ More information on step-up in basis, https://taxfoundation.org/step-up-in-basis/ US Debt Clock, https://www.usdebtclock.org/#

The Child and Dependent Care Tax Credit incentivizes parents to work outside the home, increasing the pernicious effects of the two income trap in our society. What are the details of this credit and what should we do to replace it? Brief explanation of the Child Care Tax Credit https://www.taxpolicycenter.org/taxvox/simplifying-child-care-tax-benefits Full explanation of child tax credits https://taxfoundation.org/child-tax-credit/ Some links to economics journal articles on the child care tax credit: https://www.researchgate.net/publication/24126077_On_the_Progressivity_of_the_Child_Care_Tax_Credit_Snapshot_versus_Time-Exposure_Incidence https://www.researchgate.net/publication/24094651_Child_Care_Costs_and_Family_Labor_Supply http://www.ntanet.org/NTJ/44/4/ntj-v44n04p519-28-child-care-credit-progressive.pdf https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-5890.2000.tb00581.x?casa_token=u64F7VPZ_PwAAAAA%3AFJt7vGBuRMt6X2fhYtrqmOrV-YILCzKLYdr3w-zuxZId0KQf3lNX3l_ICZJu9bbx2GViEAvGi-If_2tF https://www.mitpressjournals.org/doi/abs/10.1162/003465397556467?casa_token=usHVo4gTVTQAAAAA%3Aux3i2xBruIhipJ0zB-uXkef4g3ZNuFovwoLZUA1CLPMs0ky6JlN9ONZI17BvC-7kvzJ0vyuluNg4&journalCode=rest Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/ https://twitter.com/leoinstituteCST https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/catholiceconomics/message Support this podcast: https://anchor.fm/catholiceconomics/support

If you paid for someone’s care this year – either a child or an adult – you may be eligible for the Child and Dependent Care Tax Credit — which could put money back in your pocket at tax time! In part 6 of our series “The 10 Most Overlooked Tax Deductions” listen to tip #6, and see if you qualify!

As the cost of day care continues to increase, did you know that there is an IRS credit that may be able to offset some of the expense? It’s called the Child and Dependent Care Credit. Learn more in this podcast episode.

Rod Arquette Show Daily Rundown - Friday, November 17, 20174:20 pm: Mark Shriver, President of the Save the Children Action Network, joins Rod to discuss why he says it’s important to increase the Child and Dependent Care Tax Credit as part of the tax reform plans making their way through Congress4:35 pm: Steve Moore, Chief Economist at The Heritage Foundation, joins the show for this week’s discussion about the nation’s economy, focusing on the tax reform bills in Congress6:05 pm: Ramesh Ponnuru, a columnist with Bloomberg News, joins the show to discuss the success President Trump is experiencing placing judges in federal courts6:20 pm: Glenn Stanton, Director of Family Formation Studies at Focus on the Family, joins Rod to discuss why he says marriage should be the number one social justice imperative6:35 pm - Listen Back Friday: Plus, we’ll revisit Rod’s conversations this week with Emily Jashinsky of the Washington Examiner on the left attempting to justify their skepticism on Bill Clinton’s accusers, and (at 6:50 pm) with Jason Perry of the Hinckley Institute of Politics on how voters may approach the Our Schools Now ballot initiative

http://blog.turbotax.intuit.com Learn about the 2015 Child and Dependent Care Tax Credit, which may boost your tax refund.

Unlike 28 other states, New Jersey does not provide a Child and Dependent Care Tax Credit, a policy to assist working families with costs incurred tending to the needs of a child or incapacitated adult.  In the report with the Center for American Progress, New Start New Jersey has recommended the state implement a Child and Dependent Care Tax Credit that would be tied to a percentage of the federal benefit and would be refundable. Joining New Start New Jersey for a discussion of the Child and Dependent Care Tax Credit is Amy Matsui, Senior Counsel and Director of Women and the Courts at the National Women’s Law Center.  Amy is a recognized expert on economic issues affecting low- and moderate-income women and families and the co-author of Making Care Less Taxing: Improving State Child and Dependent Care Tax Provisions.