The world of tax credits - 2021

Hey all - while there's been a lot of talk about the monthly payments for children that started last week, less talked about has been the increased dependent care (daycare) credit for 2021 only (subject to future legislation. Short version, eligibility for maximum 50% credit has increased to significantly higher income levels - this link to an IRS Q&A page shows further information. As always - it's not a one size fits all so feel free to reach out with questions as to how this applies to the particulars of your situation. https://www.irs.gov/newsroom/child-and-dependent-care-tax-credit-faqs