Experience Top-Quality Childcare With Tuition Support
Discover More About Child Care Tax Credits, Programs And Discounts To Help With Costs
Experience Top-Quality Childcare With Tuition Support
Discover More About Child Care Tax Credits, Programs And Discounts To Help With Costs
Daycare and Preschool Serving Miami, FL
Tuition Assistance Is Available To You
Your child’s early education is one of your biggest priorities, and you want to be sure they are getting the very best care. There are several options available to help you offset the cost of tuition, and we’ve made it easy to learn about them.
Available Resources Include:
A tax credit is even more valuable to families than a tax deduction! It’s a dollar-for-dollar reduction in the taxes you owe. Some credits are refundable—reducing taxes otherwise owed to zero and paying a refund.
NEW Federal Tax Benefits:
The American Rescue Plan Act of 2021 enhanced the benefits of families with children and child care specifically. The details of the new benefits can be hard to understand, so we’re here to break it down.
Under current federal law, eligible families can claim 2021 child care tax credits up to the following maximum amounts:
– $8,000 from the federal Child and Dependent Care Tax Credit (up to $4,000 for each of your first two children). For 2021, this is a refundable credit.
– $6,728 from the federal Earned Income Tax Credit.
– $3,600 per child under six (as of December 31, 2021) and $3,000 for children 17 or younger (as of December 31, 2021) from the federal Child Tax Credit (these amounts were permanently enacted into the law).
There are rules for these federal tax credits, so please speak to your tax advisor about how they apply to your family. In the meantime, this child care tax credits calculator is a quick tool for a broad estimate.
State Tax Benefits:
Each state offers different tax credits to offset the cost of child care. See what benefits might be available to you in Florida.
If your family could benefit from a child care subsidy, you can apply for state assistance through the Florida Office of Early Learning.
Scholarships are also available to families to offset the costs of our private kindergarten through second grade classrooms, including the Step Up Scholarship, the Family Empowerment Scholarship, and the Gardner and McKay Scholarships. Click here to learn more.
Try our facility for 30 days, and if you’re not satisfied with your child’s care, we refund your registration fee to you, no strings attached. Ask for more details when you tour the school!
More and more employers add child care benefits to their employee compensation packages because it’s hard to do your job without reliable child care!
Talk with your employer or your HR department about whether they offer child care benefits and how to use them.
As part of our team, you may be eligible for other discounts or tuition credits. Talk with your HR manager about what’s currently available to you.
If you need more information about making child care costs easier, call us or drop in for a chat. We’re happy to help you find additional resources.