The $8,000 child tax credit that many parents may not know about
CBSN
Most U.S. families with children are familiar with the federal Child Tax Credit, given that parents of more than 60 million kids received enhanced payments in 2021. But there's another tax benefit geared to parents that may be less well known than the CTC but that can be far more generous, providing up to $8,000 in tax credits this year.
The Child and Dependent Care Credit was supercharged through the 2021 American Rescue Plan, with the pandemic aid bill boosting how much parents can claim on their tax returns for child care expenses as well as making it fully refundable. The latter is important because if the tax credit exceeds what you owe the IRS, you'll get the difference in your tax refund.
The Child and Dependent Care Credit isn't new — it's been around since the 1970s, and was designed to help working parents offset the cost of daycare, after school programs and summer camps. But the credit hadn't kept up with the pace of child care costs, with the child advocacy group First Five Years Fund noting in 2018 that it only covered about 10% of the typical annual cost of care for two children in the U.S. at the time.
On the eve of the D-Day invasion, Gen. Dwight Eisenhower spent the remaining hours of daylight with the paratroopers who were about to jump behind German lines into occupied France. A single moment captured by an Army photographer became the most enduring image of America's greatest military operation.
This story previously aired on March 6, 2016. Child Advocate: Do you know why you are here today? 911 operator: 911. What is your emergency? 911 operator: Is there anybody else in the house with you? Robin Doan [to 911]: I so hope my mom is not dead. Robin Doan [to 911]: Please can you just send somebody out here? Robin Doan [to 911]: I'm cold. I'm very cold. Robin Doan [to 911]: I heard my mama scream ... Robin Doan [to 911]: I want my mom. I want my mom. Robin Doan [to 911]: It's on Highway 70. It's about 13.3 miles out from the bowling alley. I have a purple shirt on I have purple pants on. Robin Doan [to 911]: All I want right now is my blanket and my pillow. ... I see him. I see him. Robin Doan [advocate interview]: I really don't want to go to sleep anymore. It makes me to where I'm too scared. I really don't want to go to sleep. OK. Robin Doan [advocate interview]: He had shot in my room and missed me. Advocate: Did you hear anybody say anything. Could you hear anybody talking? Robin Doan [advocate interview]: I don't know this for sure but I thought I saw a white eyes ... a white face. Robin Doan [advocate interview]: And when he shot I saw a flash. Robin Doan [advocate interview]: I can't talk about it. It's too heartbreaking. Levi King interrogation: Before I even realized it, I mean, I'd just pointed it at him and fired.