childcare News & Analysis
2 articles
Market Mood
Childcare Tax Benefits Underused, Potential $329 Billion Impact
A report by the Bipartisan Policy Center indicates that a lack of available childcare could cost the U.S. economy up to $329 billion over the next decade. The U.S. Congress Joint Economic Committee notes only 13% of private sector workers have access to childcare benefits through employers. Additionally, just about 12% of taxpayers with children claim the child and dependent care tax credit, which can offset up to $6,000 in childcare expenses. Improved utilization of these tax incentives could lead to significant savings for families and stimulate economic productivity.
Read More
Live Well North East Offers Free Childcare During Easter Holidays
Live Well North East in County Durham charges £4 for adult exercise classes but provides free childcare for attendees. The charity aims to support families facing financial pressure this Easter due to rising costs. In response to the increased expenses, it offers a breakfast club for children at no cost to families receiving food vouchers under the Department for Education's Holiday Activities and Food programme. This initiative could help improve wellbeing for families impacted by financial difficulties during the holiday period.
Read More