Tax Credit Childcare Affordability Struggles
Tax Credit Call for Senate Action
According to Pix 11, in Ridgewood, New Jersey families like Meaghan Donnelly’s and Sherry Danna’s are finding it tough to afford childcare. Donnelly a mom of two, talks about how food costs have gone up since the pandemic. Danna says without help from the Ridgewood YMCA she couldn’t send her child to preschool.
U.S. Rep. Josh Gottheimer wants the Senate to vote on a bill to give families more money for childcare. He says New Jersey is the second most expensive state for childcare and costs have gone up a lot since 2019. If the bill becomes law families could get up to $2,000 more in tax credits by 2025. But even though the bill passed the House it’s stuck in the Senate. Families like Donnelly’s and Danna’s are waiting to see what happens. They need help with childcare costs and the bill could make a big difference for them.
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$2,000 Tax Credit Boost for Childcare: Ridgewood Families Await Senate Vote on Gottheimer’s Bill – Check It Now! (PHOTO: Josh Gottheimer)
Senate Action Delayed
Furthermore, the delay in the Senate’s vote on the bill leaves families in Ridgewood and across New Jersey uncertain about their financial future. With childcare expenses continuing to strain budgets the potential increase in tax credits provided by the bill offers hope for much-needed relief. However, until the Senate takes action families like Donnelly’s and Danna’s must navigate the ongoing challenges of affording childcare in one of the nation’s most expensive states. The tax credit fate of the legislation remains pivotal in determining the level of support available to families grappling with the rising costs of childcare.
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