An Act to make childcare and preschool more affordable for working families

This bill creates a new refundable tax credit in Massachusetts to help working families afford childcare and preschool. It allows parents of children under five to claim up to $2,000 for children under three or $1,500 for children aged three and older, provided the care is delivered in a licensed facility. The credit is only available to households with an adjusted gross income at or below 400% of the federal poverty level. By reducing the amount of taxes owed or increasing tax refunds, the legislation aims to lower out-of-pocket costs for eligible families.