2025 Tax Reconciliation Package (One Big Beautiful Bill Act - H.R. 1)
The 2025 tax reconciliation package includes updates to the federal Child and Dependent Care Tax Credit. These changes adjust income eligibility thresholds, credit amounts, and filing details for families claiming care-related expenses for dependents under age 13 or individuals incapable of self-care. View the full summary of changes in First Five Years Fund's PDF resource to understand how the updates may apply when filing 2025 returns.