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June 22, 2024 8:28 am

Commentary: Having a child shouldn’t cause financial catastrophe

Lindsay K. Saunders, Nevada CurrentFebruary 20, 2024 I had a baby in 2021 and quickly learned how parenting and child care expenses add up. My husband and I had saved up for months to afford my unpaid maternity leave — I kept working even after my water broke because we needed every penny. It was a …

Child care costs far outpace wages, but dependent care tax credit stuck at 2001 rate

The U.S. House of Representatives voted overwhelmingly Wednesday evening to assist low-income families through an expansion of the child tax credit and the bill now awaits approval in the Senate. But some organizations are also highlighting a separate tax credit for child and dependent care, which they say is not providing adequate assistance to families and providers amid rising costs.