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| Paying for Child Care Paying for good child care can be a struggle. In fact, child care is probably the second largest expense in your budget after rent or mortgage. The average cost of child care in Hawaii is $400 per month. This cost can vary depending on the age of the child, location, and type of care desired. Think about what your family needs, and take a close look at your budget.
What should you do?
By planning ahead, getting the facts, and using all of the resources available to help you, you are off to a good start in making the best choice for your family. Child Care Connections
For a full listing of all contacts statewide, registration and eligibility information, forms and more, visit the Child Care Connection website by clicking here Preschool Open Doors
As of August 21, 2006 applications are once again being accepted for this school year (2006-2007) 2007 POD Application 2007 Special Population Attachment 2007 Report of Self Employment
Tax
Credits and Assistance
Find out what tax programs you might be eligible for to assist you with your child care needs. Earned Income Tax Credit (EITC)
You may be able to lower your taxes and even get up to several thousand dollars back if you qualify for the EITC. To qualify you must be working full or part-time and make less than a certain amount based upon family size. You don’t have to owe any taxes to get the EITC. Child and Dependent Care Tax Credit
If you have a child under 13 and owe federal income taxes, this tax credit can help cover a portion or all of the taxes you owe if you qualify. Dependent Care Assistance Programs
Your employer may offer this program which allows you to have money taken out of your paycheck tax-free and put into a special account to be used for child care tuition reimbursement. The main purpose of this type of program is to lower the amount of taxes you have to pay during the year. However, you can’t claim any money you put into this account for the Child and Dependent Care Tax Credit (described above). IRS Volunteer Income Tax Assistance (VITA)
The IRS Volunteer Income Tax Assistance (VITA) program helps low-income workers complete their tax forms. For more information on VITA and other tax related questions, call 1-800-829-1040. To get more information call the State of Hawaii’s
Dept. of Taxation on Oahu: 587-4242, Kauai: 247-3456, Hawaii: 974-6321,
Maui: 984-8500 or the IRS at 1-800-829-3676 and request Form #596
Earned Income Credit and Form #503 Child and Dependent Care Expenses,
or ask your tax accountant. You can also visit the IRS website at
www.irs.gov or
the State of Hawaii’s Dept. of Taxation website at www.hawaii.gov/tax.
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PATCH Supporting Hawaii's Child Care Needs |
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