The Child and Dependent Care Tax Credit in Kansas allows eligible residents to receive a credit for expenses related to child or dependent care incurred while they are working or actively seeking employment.
This credit is calculated as a percentage of the federal Child and Dependent Care Credit, typically falling between 18% and 75% of the federal amount.
This childcare assistance credit was established to incentivize businesses to:
- Provide or purchase childcare services for their employees’ children
- Help employees find suitable childcare options for their children
For taxable years when a business provides the facility and equipment, the credit is capped at $45,000 in the first year. In subsequent years, the maximum credit allowed is $30,000.
To be eligible, taxpayers must meet specific criteria, such as having earned income and using a licensed childcare provider.
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This credit can be claimed on line 14 of the K-40 Kansas individual income tax return.
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