Your Guide to Child Care Subsidies
If you’re looking for a way to save on the costs of child care, you’re not alone. That’s because families across the country report that child care is one of the single biggest expenses they have to deal with each month.
Fortunately, there are ways that some families can either cut their monthly child care expenses and even get some money back at the end of the year. Read on to learn about a few of the child care programs available across the U.S.
There are many local, state and federal resources that help with the cost of child care. The programs available to each family will depend on where the family is located, what the household income is, and several other factors.
Keep in mind that the government child care programs families have access to may vary and may even have completely different requirements from one another. While some child care subsidy programs may help cover a portion of a household’s daycare fees, others may focus on early childhood education.
One of these general programs is state-administered childcare vouchers, which help low-income families afford the price of daycare services. Other programs include Head Start, Early Head Start and state-funded pre-kindergarten.
Additionally, even though many of the programs discussed here have applications that are open to everyone, there are a few that are for specific groups, such as military families.
For example, the VA Child Care Subsidy Program offers monthly help with child care fees to families who are associated with the Department of Veterans Affairs (VA).
Likewise, the Department of Defense offers fee assistance to the children of service members who do not have access to child care on their military installations.
Finally, in this guide to government subsidies for child care, we will also talk about tax credits that are available to families with children and dependents. We will also focus on the federal “earned income” tax credit, which is available to families who report a certain income on their taxes.
Additionally, be aware that even though we are just focusing on programs that help subsidize the price of child care, there are other assistance programs for families you should look into if you need more help. These include the Children’s Health Insurance Program (CHIP), WIC, food stamps (SNAP), cash assistance (TANF), etc.