Bill > H2466

This bill proposes to establish an income tax credit for child care expenses in Massachusetts, amending Section 6 of Chapter 62 of the General Laws. Specifically, it introduces a new subsection (q) that allows taxpayers filing as single, married filing jointly, or head of household to claim a credit against their tax liability for the cost of child care services. To qualify for this credit, the child care provider must be licensed by the Commonwealth, and the child receiving the care must be a dependent of the taxpayer. The credit is capped at $2,500 per child per tax year, and in cases where a couple files jointly, only one of the taxpayers can claim the credit. This initiative aims to provide financial relief to families by reducing their tax burden related to essential child care costs.