We’re pleased to share information about Florida’s newly established Child Care Tax Credits Program, effective October 1, 2024. This program provides a tax credit to businesses that:
- Establish an eligible child care facility for their employees;
- Operate an eligible child care facility for their employees; or
- Pay an eligible child care facility in the name and for the benefit of an employee.
How to Apply:
Starting October 1, 2024, taxpayers who wish to participate must apply to the Florida Department of Revenue for a tax credit allocation. You can apply easily by visiting the Department’s multi-tax credit webpage at floridarevenue.com/taxes/multitaxcredits.
We encourage you to seek advice from your financial advisor to ensure the best approach for your business.
