Tax Benefits
Tax Benefits to Support Employee Child Care
On Site Child Care
Businesses can receive a federal tax credit equal to 25% of expenses for employee child care. The maximum credit allowed per year is capped at $150,000.
Contracting for Child Care
Businesses can contract with a child care program to provide child care for their employees or help make it more affordable. As with on-site child care, businesses can receive a tax credit equal to 25% of expenses capped annually at $150,000.
Help Families Find Child Care
Businesses can receive a 10% tax credit for contracting with Child Care Resource and Referral Agencies (e.g., Idaho’s Child Care Resource Centers) to help families find child care that works within their budget.