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Tax Credits

Important Notice - Change to Dependent Care Tax Credit

HB 2171 combines the existing Working Family Child Care and Dependent Care tax credits into a single Working Family Child and Dependent Care tax credit for the tax years 2016 through 2021. The purpose of this tax credit is to enable low-income working families to care for young children and disabled dependents  by offsetting costs so that they may be gainfully employed or attend school full time. “Applicable to tax years 2016-2022”. 
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Child Care Contribution Tax Credit

Contribution Tax Credit 
Contribution Tax Credit
There is a commonly expressed view that America is experiencing market failure in the child care sector. Economists describe market failure as a situation in which a market left on its own fails to allocate resources efficiently and efficiently.
Although child care providers are among the state’s lowest-paid workers, parents still struggle to afford the cost of care. Conversely, if parents want high quality care for their children, the cost is often beyond their financial means. 
In 2003, the state legislature recognized this disparity in the child care system by enacting the Oregon Child Care Contribution Tax Credit. By making a contribution to the program, taxpayers receive an Oregon state tax credit of 50 cents for each dollar contributed.
Proceeds from the credits will be used to create a demonstration project to show how child care can work when adequately funded. By simultaneously addressing quality, affordability and provider compensation, this innovative tax credit program will reveal the true cost of quality child care and help to restore balance in this critical sector of Oregon’s economy 

Click here to download a PDF version of the Child Care Contribution Tax Credit form
For more information on the Child Care Contribution Tax Credit Click Here
How Much is left for 2016?
Contributions available as of January 6, 2016: $500,000.00.
For more information on the availability of the Contribution Tax Credit call 503.947.1891.
 This page will be updated periodically. 
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Dependent Care Tax Credit

Contributions available as of January 6, 2016: $500,000.00.
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Child Tax Credit

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