What Exactly is the Child and Dependent Care Credit?
The Child and Dependent Care Tax Credit (CDCTC) is a tax credit that helps working families with expenses for the care of children or adult dependents. We believe that making this accessible will give Americans, especially moms, what they need to take the next step. First, we need to spread knowledge about this resource and leverage technology to increase the number of families who claim it. Our organization, mRelief, strives to reach moms who don’t know that they qualify for benefits. In the U.S. today only 15% of the benefit went to filers with an adjusted gross income of less than $30,000. There are so many struggling moms out there who are currently not claiming this benefit they qualify for, and you could be one of them.
But Taxes Can Be Complicated, Right?
We know tax season is stressful and there are many reasons families are missing out on this credit. Some are unaware or do not think they would qualify. Another major barrier is the overall process of filing taxes. It takes money, time, and energy — all of which can be lacking as a working mom. By taking 5 minutes today to see if you qualify you will find out your next steps to claim this benefit, such as free tax preparation sites across the United States.
Try it. Only Takes 5 Minutes.
Why This is So Important for Moms.
This credit can make a big difference in the lives of your children. It helps you cover the growing expenses of child care and is something many working families are eligible for. You can receive up to 35 percent of your qualifying expenses, depending upon your adjusted gross income. This means a family could receive, $3,000 for the care of one child or $6,000 for two or more qualifying individuals. It has already provided $3.5 billion in child care assistance to 6.5 million families but we want to reach more moms who need it most.
mRelief is Here to Help.
mRelief is an all-woman software development team which provides an easy-to-use platform on web and text messaging for Americans to find out if they qualify for social services or other programs, such as tax credits, and helps users navigate to a clear next step.
Our mission is to restore dignity by transforming access to social services. The U.S Census reported that 47 million Americans were living in poverty last year. Eligibility screeners can help increase discoverability and access to public assistance. We can tell you if you are eligible for a variety of programs tailored to women and families such as WIC (Women, Infants, and Children), food stamps, and child wellness programs. Connect with us on social media at Facebook.com/mRelief and @mrelief_form on Twitter!
Find out if you qualify for the Dependent Care Credit today at mrelief.com/care or text “care” to 1-773-231-5114