Child and dependent care tax credit

A tax credit helping working parents and family caregivers offset costs for care for qualifying keiki, kupuna, or other dependents, enabling them to work or look for work. This bill would help many more families than Act 163 (SLH 2023) by increasing a taxpayer's applicable percentage of employment-related expenses used to calculate the household and dependent care services tax credit. Act 163 intended to provide approximately $47,000,000 of financial relief to working families but the Department of Taxation later estimated the cost of Act 163 to be only $9,500,000.