Employer-Provided Child Care Tax Credit

Employee retention has long been a challenge for businesses of all shapes and sizes. One of the biggest hurdles in keeping employees occurs when an employee has a child. Employer-provided child care (EPCC) increases employee productivity, retention and overall well-being.

In addition to the aforementioned benefits, EPCC can also provide businesses with substantial tax savings!

Employers with qualifying expenditures for childcare can claim a federal credit of up to 25% as well as a Georgia credit of up to 75%.

These credits, coupled with some additional tax benefits can actually yield an after-tax cash surplus. The plan can more than pay for itself. For a more detailed look at the employer-provided child care credit, click here.

Contact Bennett Thrasher

If you think the Employer-Provided Child Care Credit is a good fit for your business, contact Bennett Thrasher today. Our tax credit experts can help navigate the process and create a custom solution that’s right for you.