|Posted:||December 1, 2017 11:37 AM|
|From:||Representative Carolyn T. Comitta|
|To:||All House members|
|Subject:||Family Childcare Tax Deduction|
|Currently, one of the greatest financial burdens on our working families is the rising cost of child care. A disproportionate amount of annual income goes to childcare, leaving these families struggling to make ends meet.
That is why in the near future I plan to introduce legislation that will provide a childcare tax deduction from the state income tax. My simple proposal is a dollar for dollar tax deduction up to $10,000 annually to help offset the cost of child care. While this deduction will not eliminate the cost of childcare, it will be a step toward helping families meet their financial obligations and possibly even save for higher education and retirement.
According to a survey conducted by the Office of Child Development and Early Learning at the Department of Human Services, the median cost of day care for an infant is $210 per week. We can, and should, do more to help working families get ahead. I believe a tax deduction for childcare is one thing we can do to help.
Please join me in introducing this legislation to help our commonwealth’s working families.
Introduced as HB2035