Statewide Iowa — The 2019 Iowa legislature may be poised to increase the number of working Iowans who can claim a tax credit for child care expenses.
Parents with an annual income above $45-thousand are NOT currently eligible. A bill that’s cleared a senate subcommittee would make Iowa parents who earn up to $57-thousand a year eligible for child care tax credits. Hull Republican Senator Randy Feenstra has been working on the proposal.
Senator Pam Jochum, a Democrat from Dubuque, says it’s a significant move.
The bill also would set up indexing for these child care tax credits. It means there would be annual, incremental increases in the income level at which a parent is eligible to receive a tax credit for child care expenses.
