Child Care Contribution Tax Credit Overview
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 effectively and efficiently. Although child care providers are among Oregon’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.
By making a contribution to the Child Care Contribution Tax Credit program, an individual or company receives an Oregon state tax credit of 50 cents for each dollar contributed. Funds received through Child Care Contribution Tax Credits are used to financially support quality improvements for child care businesses throughout Oregon, support the early learning workforce, and children entering school ready to succeed. Contributors are ultimately supporting a statewide early learning system that is safe, of high quality and accessible.
Download forms to make a contribution today!
Available tax credit as of March 1, 2017:
For federal tax purposes, contributions to the Early Learning Division Office of Child Care may be eligible to be treated as contributions to 501(c) (3) charitable organizations. Contributors should seek advice from their individual tax advisers regarding use of credits and deductions for tax purposes.