Tax Benefits
Tax Benefits to Support Employee Child Care
On Site Child Care
Businesses can receive a federal tax credit equal to 25% of expenses for employee child care. The maximum credit allowed per year is capped at $150,000.
Contracting for Child Care
Businesses can contract with a child care program to provide child care for their employees or help make it more affordable. Similar to on-site child care, businesses can receive a tax credit of up to 25% of expenses, with an annual cap set at $150,000.
Help Families Find Child Care
Businesses can receive a 10% tax credit for contracting with Child Care Resource and Referral agencies, (in Utah, contact a Care About Childcare agency), to help families find child care that works within their budget.