Institute on Taxation and Economic Policy (ITEP)

Child and Dependent Care Credit

Child Tax Credits and Child and Dependent Care Credits: What’s the Difference?

Three popular state tax credits support families with children: the Child Tax Credit (CTC, or child credit), the Child and Dependent Care Tax Credit (CDCTC, or dependent care credit), and the Earned Income Credit (EITC). While the EITC is intended to boost wages for low- and moderate-income workers and families, the CTC and CDCTC are […]