Effective Monday: Help For Parents Paying Thousands Of Dollars For Child Care
Source: asiseeit / Getty
The average Maryland family with two young children spends more than a fifth of its income on day care, but a newly expanded tax credit could provide millions of dollars in relief statewide.
A law that goes into effect Monday nearly quintuples the number of taxpayers eligible to claim the state’s child care tax credit, which is calculated as a fraction of a similar federal tax break.
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Source:BaltimoreSun
