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Tax credit available for eligible childcare providers

Published: Jan. 14, 2021 at 1:27 PM CST
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NORTH PLATTE, Neb. (KNOP) -In 2016, the Nebraska legislature passed a program for childcare providers to receive incentives for their respective programs. The School Readiness Tax is for Nebraska’s early childhood professional workforce and early childhood programs to help providers continue to deliver their services.

Childcare providers have a responsibility to help kids maximize their potential. The work of a childcare provider can sometimes be overlooked and not receive the recognition it deserves.

“The first 5 years are the most important for a child for learning and development and it is going to help them be successful in school and life,” said Step Up to Quality Director Lauri Cimino. “It is a very small price to reward those childcare professionals who are doing that great and important.”

Quality childcare is essential to build up children and their place in our communities, so helping childcare providers helps build up our future.

“Childcare providers are struggling and they are struggling hard to stay open,” said Mike Medwick of First 5 Nebraska. “When we are talking about the cost of running a program, they need every little bit of help they can get. The School Readiness Tax credit gives them a little bit of an incentive or little extra help.”

This is the last year to apply for the 2021 School Readiness Tax credit. If the tax credit is used more, legislators may be able to extend it for another term.

The two major deadlines for applying for the School Readiness Tax are Feb. 1 and March 1.

Click the links below for more information on the application process:

https://www.youtube.com/watch?v=S_gDngeNQQs

https://www.education.ne.gov/stepuptoquality/providers-educators/resources/tax-credits/tutorial

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