Child Care Rosemount: What Are Minnesota Child Care Tax Credits?

WHAT YOU NEED TO KNOW ABOUT MINNESOTA CHILD CARE TAX CREDITS

Are you aware that you may qualify for up to $3,000 covered for your child by the state of Minnesota for certain care expenses? Due to the high cost of child care, many parents are unable to afford to have their kids attend a daycare center and must leave the workforce to take care of their children themselves full-time. The Minnesota Child and Dependent Care Credit is designed to help offset care expenses so qualifying persons can better afford to send their child to daycare. If you are in Rosemount, Minnesota and are looking for a Christian daycare center that provides your kids a warm, supportive environment, reach out to Leaps and Bounds today to schedule a time to come by for a free tour or to ask us a question.

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DO YOU QUALIFY FOR CHILD CARE TAX CREDITS?

Wondering if you qualify for child care tax credits? In Minnesota, qualifications include:

The child is your dependent
The child qualifies for the credit as well as yourself
Your 2020 Minnesota adjusted gross income is less than $65,000.

If you paid a daycare center or another provider for care for a child under the age of 13 or who are disabled, you may qualify for a tax credit of:

Up to 35% of qualifying expenses of $3,000 for one child
Up to $6,000 for two children or dependents

Keep in mind that expenses such as tutoring and schooling do not qualify as child care expenses.

WHAT YOU NEED TO KNOW ABOUT MINNESOTA CHILD CARE TAX CREDITS

AFFORDABLE, HIGH-QUALITY CHILD CARE IN ROSEMOUNT

Here at Leaps & Bounds, we go the extra mile in order to provide the best daycare services to you and your family. We accept children starting at six weeks old all the way up until their first day of kindergarten. If you’re looking for the most reliable, supportive child care in Rosemount, then Leaps & Bounds is the perfect daycare center for you.

We offer well-organized, fully-attuned child care that engages your children with low child-to-staff ratios, trained caregivers who love children, a creativity-oriented environment, and a business model that keeps our caregiver turnover to a minimum — meaning stronger, longer-term connections with your child. If you would like to learn more or schedule a tour at Leaps and Bounds, we encourage you to reach out to us today with any and all questions!