The Internal Revenue Service has launched a new page on IRS.gov about the Employer-Provided Childcare Tax Credit
Information is available at IRS.gov/employerchildcare or by searching “employer child care.”
The credit is designed to help employers cover some of the expenditures related to providing childcare services to employees. The credit is limited to $150,000 per year to offset 25 percent of qualified child-care facility expenditures and 10 percent of qualified child care resource and referral expenditures.
Employers should complete Form 8882, Credit for Employer-Provided Child Care Facilities and Services, to claim the credit, which is part of the general business credit subject to the carryback and carryforward rule.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
