Financial assistance may come through a variety of vehicles such as, a Dependent Care FSA offered by your employer or on-site childcare, a student attending post-secondary school with financial aid assistance or on-site childcare centers, tax credits, and/or local, state and federal government subsidy programs. We’ve put together a list of financial assistance resources working parents should consider when paying for childcare.
Childcare subsidy programs differ State-by-State and have different qualifications so it’s best to reach out to your state program office for more information. For more information about your specific state childcare financial assistance support, please visit
ChildCare.gov, select the appropriate state and click Financial Assistance for Families from the left menu bar.
City Childcare Subsidy programs are often found in cities with a high cost of living or where a State Childcare subsidy program isn’t enough to bridge the gap in payment between what subsidies provide and what childcare costs.
As we continue to research and discover cities offering a childcare subsidy program, we’ll continue to update our website. Here are a few cities offering childcare subsidy programs above and beyond the State program.
The State of Wisconsin and the City of Madison is a community we’d like to highlight as an example both a State and City childcare program and where more information can be found for working parents.
The Wisconsin Shares Child Care Subsidy Program supports low-income working families by subsidizing a portion of the cost of quality child care while the parents or caregivers are working or participating in another approved activity.
Click here to learn more information or call the State of Wisconsin Capital Consortia at 1-888-794-5556
Madison is one of the few cities in the nation that offer a child care subsidy program. It’s important to note, you must first complete the Wisconsin Shares Program qualification process prior to applying for the City of Madison Childcare Assistance Program.
Many post-secondary schools offer childcare financial assistance programs and/or onsite childcare depending on full-time or part-time status. Check with your local post-secondary school financial advisors to explore what options may be available based on your student status and income level.
What’s the difference between a tax deduction and a tax credit?
A tax credit reduces the tax you owe, and the amount of the tax credit is subtracted from your tax liability. A tax deduction reduces your taxable income amount which may positively impact your taxable income bracket.
Tax credits and deductions may vary year to year, and its important consult with your tax advisor to determine what credits are best based on your income level. Consider researching the following tax credits and deductions.