georgia state ltc tax credit
The Georgia credit may add $50 - $150 in tax relief per year per family, depending on their child care claims and income level. The Georgia credit will add another 30% to the federal credit, phased in over 3 years. The state credit will start at 10% of the federal credit in tax year 2006, growing to 30% of the federal credit by tax year 2008. The federal credit is nonrefundable and available to families at all income levels with employment-related expenses for children under the age of 13. The credit equals 20 to 35 percent of the amount claimed, depending on family income. Georgia Claims of the Federal Child Care Tax Credit by Income Level 25%